Grade A office
Grade A office rent drops 1.0%, vacancy up 16.6% in Q2
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.
Grade A office market posts net absorption of 248,000 sq ft in April
Office market growth lowered overall vacancy to 13%.
Insurance companies drive leasing demand in HK
An insurance firm recently leased 53,600 sq ft at AIRSIDE in Kai Tak.
Grade A office market logs net absorption of 397,700 sq ft in 4Q23
All submarkets returned to positive territory except for Greater Central.
Grade A office vacancy rises to 12.9% in 2023
The subdued demand led to a 5.3% decrease in overall rents.
Demand for Grade A offices remained subdued, leading to a 5.3% decrease in overall rents by the end of November.
Grade-A office vacancy rate rises to 12.3% in February
The increase was partly due to the completion of S22 in Wong Chuk Hang.
Grade A office market posts negative net absorption in August
Net absorption was at -29,000 square feet.
Grade A office vacancy climbs to 9.6% in July
JLL said it's the traditional low season for the office leasing market.
Overall vacancy rate for Grade A office up slightly 9.4% in June
Vacancy rate in Central rose from 7.6% to 7.9%.
Leasing demand for Grade A office down 23% in Q2
Limited inspection activity caused the decline in leasing demand.
Grade A office market’s net absorption hits 129,000 in May
It is the eighth consecutive month that the office market had positive take-up.
Grade A office vacancy rate remains flat at 9.4% in April
The unchanged rate was on the back of the completion of the new supply.
Grade A office rents vacancy rates down 0.2% to 9.4% for January
This continues a four-month streak of positive net absorption.
SG, HK office rental premium gap down to 108%: Cushman & Wakefield
This is coming from a 135% gap in 2015 and a peak of 173% in 2017.
Which real estate sectors will benefit most from HK’s recovery?
CBRE reported office and retail sectors are likely to be the biggest gainers.
Grade A office market sees positive net absorption in May
This is the first time since July 2019, JLL said.
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