Commercial Office
Hongkong Land’s flexible office space reach 90% occupancy rate
Hongkong Land’s flexible office space reach 90% occupancy rate
Centricity Flex lured diverse financial and professional services tenants.
Hong Kong’s office sector growth hinges on China’s reopening
More than 3.2 million sq. ft of net floor area is expected in 2023.
New completions raise Grade A office vacancy rate to 11%: JLL
The completion of Two Taikoo Place contributed to the vacancy rate.
Office rents decline persist in Q3
Central and Kowloon East saw the highest vacancy.
Hong Kong Island to see ‘moderate’ office rental growth in H2
Rents are more affordable compared to pre-pandemic levels.
Grade A office rents slips by almost 1% in Q1 2022
Cushman & Wakefield linked this to the fifth wave of the pandemic.
85% of family offices eye increased ESG investment in 2022: survey
Two-thirds of them are planning to increase allocations by more than 10%.
Office market sees positive net absorption of 9,100 sq ft in December
This marks the third month of positive net absorption.
Office fit-out costs rebound 9% YoY to HKD$935 per sq ft
HK costs are the 9th most expensive in the Asia Pacific.
Office market witnesses first positive take-up since Q3 2019
The market recorded a positive net absorption of 327,700 sq.ft in Q3 2021.
Aoyuan Group profit remains flat YoY at RMB2.843b in H1 2021
It posted RMB2.84b profit in the same period last year.
Overall rents drop despite growth in some market: report
The overall net effective rents slipped by 0.2% month-on-month.
Hysan, IWG partner to operate flexible workplaces in GBA
The joint venture will operate all 32 existing locations under IWG across the Greater Bay Area.
6 in 10 HK firms willing to pay higher rent for green buildings
Those leasing green buildings pay a rental premium of 1% to 7%.
Grade A Office vacancy rose to 9.5% in June: JLL
This compared to 9.4% in May as tenants relocated due to improvement in business sentiment.
Grade A office market sees positive net absorption in May
This is the first time since July 2019, JLL said.
Hong Kong office vacancy inches up to 9.5% in April
The Grade-A office market saw a net withdrawal of 99,400 sq. ft.
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