Despite Hong Kong experiencing mounting economic uncertainty over the past three years, low vacancy has prevented Grade A office rents from softening. Landlords have continued to enjoy near full occupancy across their portfolios, prompting several multi-floor occupiers to relocate to decentralised submarkets where the majority of new and cost-effective supply is available. With the city remaining one of the world’s most expensive office markets, cost continues to drive corporate real estate decisions.

The recent rapid emergence of start-up companies has given rise to coworking centres, which have also become an alternative office space solution for many large corporates across different industries. Tech remains a dynamic sector and has continued to drive demand for traditional office space, business parks and coworking centres. Some CBD landlords continue to regard Chinese enterprises a key target occupier group when seeking replacement tenants for spaces vacated by traditional large multinational occupiers.

Hear From Our Experts

Get the latest perspectives and insights on real estate straight to your inbox.
Get the latest perspectives and insights on real estate straight to your inbox.
Stay Informed