Banks and MNCs boost Hong Kong office take-up, JLL says

Multinational tenants drive sustained demand in the Grade A segment.

Hong Kong’s Grade A office market recorded its sixth straight month of positive net take-up in September, the longest growth run since 2022, according to JLL’s latest Hong Kong Monthly Market Dynamics.

Alex Barnes, Managing Director of JLL for Hong Kong, Macau and Taiwan, said leasing demand rose as banks and multinational firms consolidated and upgraded space, adding that firmer market sentiment prompted tenants to proceed with planned expansions.

JLL said demand from financial and professional services firms continues to support the office sector. The firm expects occupiers to remain focused on space optimisation and prime locations as the market stabilises.