Figures

Hong Kong Figures - Office Q3 2026

October 14, 2026 10 Minute Read

Gross office leasing volume reached 1.4 million sq. ft. in Q3 2026, an increase of 17% q-o-q. Central accounted for 27% of quarterly leasing volume, with 73% of activity in the district involving Central A1 buildings. Leasing volume reached 3.6 million sq. ft. y-t-d, up 12% y-o-y.
Quarterly net absorption totalled 858,600 sq. ft., bringing the y-t-d total to 1.8 million sq. ft., the highest first nine-month figure for any year since 2018. All major submarkets recorded positive quarterly net absorption.
Positive net absorption ensured citywide vacancy fell by 0.8-ppt, the largest quarterly decline since Q2 2015, to 15.5%, the lowest level since Q1 2023.
Lower vacancy supported a 3.2% q-o-q increase in rents, marking the fourth consecutive quarterly gain and bringing y-t-d growth to 6.7%. Core submarkets recorded growth q-o-q and y-t-d, although rents in decentralised submarkets continued to fall.