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Central Grade A vacancy falls below 10% as leasing demand recovers
Average rents climbed 1.1% in February, driven by strong activity from banking and professional services.
Hong Kong’s Grade A office market recorded 143,700 square feet of net absorption in February 2026, with an overall vacancy rate of 13.4% and Central at 9.9%.
Average rents rose 1.1% month on month, led by growth in Central, according to JLL’s March 2026 Hong Kong Monthly Market Dynamics report.
The report notes that demand was primarily driven by the banking sector, whilst other financial and professional services contributed selectively to leasing activity.
JLL also provided detailed transaction and leasing data across other key submarkets.
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