Staff Reporter
,
Hong Kong
Photo by Kelly Sze from Pexels
Kowloon saw the most significant improvement in the vacancy rate.
The overall vacancy rate of Grade A offices dropped to 12.6% in October, data from JLL showed.
Amongst the major office districts, Kowloon recorded the most significant improvement, with the vacancy rate dropping to 19.1%.
Tsimshaitsui also recorded a drop in vacancy rate, falling further by 0.4 percentage points, the most significant among the business districts.
Meanwhile, office rent retreated by 0.5% MoM in October. Central and Wanchai/Causeway Bay witnessed rental drops of 0.2% and 1.0%, respectively. Tsimshatsui's rent remained firm.
Join
Hong Kong Business
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!