Hong Kong logistics rents rise 3.3% in H1 2024

The prime net rent was $15.5m per sq. ft.

Hong Kong's rental growth for the logistics sector climbed 3.3% year-on-year (YoY) in the first six months of 2024 (H1 2024), amidst a "tepid" market.

Economic activity remained lacklustre with only a few large transactions occurring during the first half of the year, according to Knight Frank Research.

The prime net rent was $15.5m per sq. ft. whilst its vacancy increased to 7.4%.

Despite tightening availability, rents fell from 6 months ago due to supply pressures incoming from pipelines.

Overall rent for Asia Pacific's logistics spaces remained on an upward trend, growing by an average of 2.4% YoY.

However, this was a deceleration from the 6.2% recorded in 2023, as a slowdown in business activity on the Chinese mainland led to a 13.5% plunge in rentals in Beijing and Shanghai.

Singapore, Vietnam, and Manila took the top three spots in rental growth for H1 2024, respectively.

Follow the link for more news on

Hong Kong Logistics

Also Read

Buildings Department approves 7 building plans in September

Hongkong Land’s Q3 profit rises on China build-to-sell completions

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!

I want to download the media kit