Figures
Hong Kong Figures - Office Q2 2026
July 14, 2026 10 Minute Read
Looking for a PDF of this content?
- Office leasing volume strengthened in Q2 2026, rising by 23% q-o-q to 1.1 million sq. ft.. This brought the H1 2026 total to 2.1 million sq. ft., reaching 48% of 2025’s full-year figure.
- Citywide net absorption reached 569,600 sq. ft. in Q2 2026, bringing the total for H1 2026 to 945,000 sq. ft., an improvement from H1 2025’s -88,000 sq. ft.. All major submarkets reported positive net absorption this quarter, led by Greater Tsim Sha Tsui and Central.
- This quarter’s lack of new supply combined with positive net absorption led citywide vacancy to fall by 0.6-ppt to 16.2%, marking a second consecutive quarterly decline.
- Overall rents increased by 2.0% q-o-q and 3.5% y-t-d, reversing declines seen in H2 2025. Central rents grew 10.7% y-t-d, primarily driven by a 18.5% y-t-d rise in Central A1 rents, which returned to Q2 2022 levels. Greater Tsim Sha Tsui recorded a fourth consecutive quarter of rental growth with a 1.2% increase.