Hong Kong office rents jumped 8.5% in 4Q 2010

As of 4Q 2010, Hong Kong occupancy costs are just US$0.04 below Tokyo's occupancy costs.

According to Colliers International, Hong Kong's occupancy cost reached US$105.05 per sq ft per annum, making Hong Kong the second most expensive location in Asia Pacific.

Sustained expansionary demand in the financial sector amid the continued supply squeeze in the CBD boosted the Hong Kong office occupancy costs.