Photo from Freepik

HK sees negative net absorption in Q3 after 4 positive quarters

Net absorption fell to -0.02 million square meters.

Demand for offices in Hong Kong softened in Q3, with net absorption falling to -0.02 million square meters.

According to Colliers, Q3 marked the first period of negative net absorption after four consecutive positive quarters.

Apart from net absorption, rentals also fell in Q3, dropping 2.9% QoQ and 6.3% YoY. With lower rentals, the vacancy rate rose to 16.9%.

According to Colliers, Hong Kong’s vacancy levels will likely rise as over 0.3 million square meters of new office space come online in 2025.

Meanwhile, Colliers expects rental rates to decline throughout the year.

 

 

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!

Top News

OPPO deepens PolyU ties with $32.5m AI imaging research push
The university will also launch a new faculty to address computing needs.OPPO Mobile is set to deepen its partnership with Hong Kong Polytechnic University (PolyU) by increasing funding and tech investment, particularly within the PolyU-OPPO Joint Innovation Research Centre.

Exclusives

Braillic’s AR tech helps brain surgeons see through the walls
The medical software provider plans to expand its use to spinal and orthopaedic procedures.
Healthcare
Stellerus helps organisations manage hazard, climate risks
The Hong Kong startup offers a fast and accurate early warning system for natural disasters.
K11 MUSEA bridges art, culture, and retail
Visitors find top-tier brands and museum-grade art pieces at the cultural-retail landmark.