Commercial Office
Office prices decline by 7.8% YoY in 2023: report
Office prices decline by 7.8% YoY in 2023: report
Grade A, B, and C offices decreased by 2%, 11.5%, and 7.9%, respectively.
6 days ago
Hong Kong’s real estate struggles as investment falls 13% in 2024
Investment activity totaled US$1.5b in the fourth quarter alone, marking a 29% YoY drop.
Office leasing demand remains stable against economic headwinds
Rents were at $48.7 per sq. ft., down 7.9% YoY.
Grade A office market records negative net absorption in Q4 2024
Despite this, it reached 956,000 sq. ft. for the full year, the highest since 2018.
Colliers is sole agency role to sell Jupiter Tower in North Point
It is a 27-storey commercial building with a total floor area of approximately 71,938 sq. ft.
Philippines' Kho family sets up office in Hong Kong
This initiative aims to attract increased international capital inflows.
Grade A office vacancy drop 13.3%, rent slips 0.8% in October
Rents declined by 0.8%.
Grade A office market records negative net absorption as of end-September
Overall vacancy rate stabilised at 13.4%.
Grade A offices rent fell 16% QoQ in Q3
Net absorption totalled 125,400 sq. ft., staying positive for a fifth consecutive quarter.
Grade A offices rents decrease by 6.5% in August
Office rents declined to HK$62.6 per sq ft.
Grade A office market posts net absorption of 335,100 sq ft in August
It is the highest monthly net take-up level so far this year.
Hong Kong's most notable real estate agents under 40
Realtors in the office market are on top of the list, taking six spots.
Grade A office leasing stalls amidst economic woes
This exerts pressure on landlords to offer generous incentives.
Noah Holdings relocates to larger office in Times Square, Causeway Bay
The new office spans 30,000 sq ft.
Grade A office rent drops 1.0%, vacancy up 16.6% in Q2
Grade A office vacancy has reached a record high of 13.8 million sq ft.
What hinders property market recovery in Hong Kong?
The office and residential markets continue to face downward pressure.
Grade A office leasing volume drops 27% QoQ in Q2
The decline was due to major relocations and new project completions.
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