Photo by Cheung Yin from Unsplash

Grade A office vacancy rates up 13.7% in July

Rents across the market recorded slight declines.

Overall Grade A office vacancy rates rose 13.7% in July, JLL reported.

Vacancy rate in Kowloon East also saw an increase of 0.5 percentage points (pp).

On the flip side, vacancy rates in Central and Hong Kong East decreased to 12.0% and 13.1% respectively.

In addition, the overall market recorded a negative net absorption of 128,900 sq ft, primarily due to a large space in Kowloon East returning to the market.

In terms of rents, Central and Kowloon East recorded declines of 0.8% and 0.6%, respectively, whilst the Wanchai/Causeway Bay and Hong Kong East submarkets experienced drops of 0.6% and 1.0%, respectively.

Follow the link for more news on

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!