The Hong Kong office market has experienced significant change in recent decades along with the emergence of new sources of demand, a changing occupancy structure and the development of new Grade A office buildings.
More recently, the adoption of agile workplace strategy, focus on workplace wellness and growth in decentralised office supply have prompted a re-think in corporate real estate strategy among Hong Kong office occupiers – trends that will result in very different demand patterns in future.
This three-part report by CBRE Research explores these and other key office occupier trends in Hong Kong and explains how the city’s office market will evolve in the coming years.
Chapter 1: The Flight-to-Quality Dynamic
▪ Community-building
▪ Decentralization driven by cost and flight-to-quality