hong kong grade a office sector
Grade A office rents contract 1.3% QoQ in Q1
Grade A office rents contract 1.3% QoQ in Q1
The decrease in rents in Island East drove the overall decrease.
Negative absorption seen in Grade A office market in January
JLL linked this to the Chinese New Year, traditionally a low season.
Overall office rent declines by 3.7% in 2022: JLL
Vacancy rate in end-December rose due to new completions.
Office demand growth to be 'gradual and moderate': CBRE
Demand will be coming from multinationals and Chinese enterprises.
Over 900 companies downsized Grade A office space from 2019-2022: research
This has resulted in a 3.1% drop in total space office space occupied.
Hong Kong Island to see ‘moderate’ office rental growth in H2
Rents are more affordable compared to pre-pandemic levels.
Grade A office market logs net absorption of 1.25 million sq ft in H122
Leading the market in recovery is the Central segment.
Read Here
Advertise
Sign Up
Commentary
How commercial spaces must adapt to changing consumer expectations
AI, data centres, and the coming energy supercycle in Hong Kong
Reinsurance beyond borders: How Hong Kong can strengthen Asia’s risk-sharing architecture
Hong Kong hospitality insights: Robust investment, tourism expansion, and operational recovery
Hong Kong’s insurance boom is facing a financing test
In the age of AI, creativity is the decisive advantage
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part