Hong Kong Office
Office net effective rent drops 0.7% MoM
Office net effective rent drops 0.7% MoM
Submarkets such as Central and Wanchai / Causeway Bay saw rental drops.
Hong Kong’s office sector growth hinges on China’s reopening
More than 3.2 million sq. ft of net floor area is expected in 2023.
New completions raise Grade A office vacancy rate to 11%: JLL
The completion of Two Taikoo Place contributed to the vacancy rate.
Office net effective rents drop 0.6% MoM in October
Across submarkets, Central posted the largest drop in rents.
Office rents decline persist in Q3
Central and Kowloon East saw the highest vacancy.
Net effective rent of HK offices drop 0.1% MoM in July
Decline in rents was also observed across major office submarkets.
Overall rents drop despite growth in some market: report
The overall net effective rents slipped by 0.2% month-on-month.
Hong Kong’s property investments recover but still below pre-COVID level
Real estate investment volume climbed 79% in the second quarter.
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