CBRE leads Hong Kong’s commercial real estate sector in 2023

CBRE was also the global lead for the 13th consecutive time last year.

CBRE was the leading firm for commercial real estate investment sales in Hong Kong, Asia Pacific, and globally in 2023, MSCI reported.

In 2023, CBRE recorded a market share of 31% and 33% in Hong Kong and APAC respectively, ranking first in both regions.

In Hong Kong, CBRE also led the market across major property sectors including industrial (55%), multifamily (84%) and hotel (66%).

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Globally, CBRE achieved a market share of 24% across all property types, leading 800 basis points against the nearest competitor. This marks the firm's 13th consecutive time as the global lead.

In addition, CBRE held the global top spot last year across the four largest asset classes with a 23% market share in office, industrial (29%), retail (22%), and multifamily (22%).

“Amidst economic headwinds and uncertainty, our unwavering commitment lies in delivering strategic and actionable advice to both investors and landlords. Irrespective of real estate cycles, we empower our clients to optimize returns through innovative solutions — from capital investment to fund raising and outbound ventures,” Jonathan Chau, Executive Director and Head of Investment Property & Private Office for Capital Markets at CBRE Hong Kong said.