Commercial Office
Grade A offices rent fell 16% QoQ in Q3
Grade A offices rent fell 16% QoQ in Q3
Net absorption totalled 125,400 sq. ft., staying positive for a fifth consecutive quarter.
Grade A offices rents decrease by 6.5% in August
Office rents declined to HK$62.6 per sq ft.
Grade A office market posts net absorption of 335,100 sq ft in August
It is the highest monthly net take-up level so far this year.
Hong Kong's most notable real estate agents under 40
Realtors in the office market are on top of the list, taking six spots.
Grade A office leasing stalls amidst economic woes
This exerts pressure on landlords to offer generous incentives.
Noah Holdings relocates to larger office in Times Square, Causeway Bay
The new office spans 30,000 sq ft.
Grade A office rent drops 1.0%, vacancy up 16.6% in Q2
Grade A office vacancy has reached a record high of 13.8 million sq ft.
What hinders property market recovery in Hong Kong?
The office and residential markets continue to face downward pressure.
Grade A office leasing volume drops 27% QoQ in Q2
The decline was due to major relocations and new project completions.
Grade A office leasing surge 70% YoY in Q2
A total of 964,500 sq ft was leased during the period.
Hong Kong's green-certified building supply struggles to meet demand
Other APAC countries are experiencing the same.
Hong Kong office rents fall amidst high vacancies
Increased competition and market vacancies drive rental prices down.
Swire Properties’ HK office occupancy holds steady at 93% in Q12024
It also maintained nearly full occupancy at its Pacific Place with 98%.
Hong Kong logs highest occupancy cost in APAC: Knight Frank
The occupancy cost in the city stood at $1,249.89 per square foot per year.
Prime office rentals in Hong Kong plunge 9.5% YoY in Q1 2024
Overall, the Asia-Pacific region's prime office rental market reported a 3.2% YoY decrease.
Hong Kong's prime office market reported a 9.5% year-on...
Kowloon East leasing drives office market growth
The submarket recorded a net absorption of 289,700 sq ft.
Hong Kong houses over 2,700 SFOs: report
Over 500 of these SFOs fall under the US$10m-US$30m wealth level.
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