hong kong office vacancy rate

Oversupply brings Hong Kong’s office vacancy rate to a record 14.7% in 2022

There was over 4 million sq ft of new Grade A space in the market.

Oversupply brings Hong Kong’s office vacancy rate to a record 14.7% in 2022

There was over 4 million sq ft of new Grade A space in the market.

Hong Kong office vacancy rate hits 10.5% in September

This is due to new completions in the month.

Hong Kong office vacancy rate up 0.4ppt to 11.12% in Q2

Net absorption was at -176,300sq ft as weak demand persists.

This Hong Kong submarket had the highest office vacancy rate in April

The vacancy rate for this submarket reached 12.8% last month.

Office vacancy rate in Hong Kong Central stable at 7.2% in March

Vacancy rates in Admiralty and Wan Chai were at 8.4% and 11.2%, respectively.

Hong Kong office vacancy rate drops to 9.1% in February

Kowloon East recorded the highest vacancy rate at 12.4%. 

Hong Kong overall office vacancy rate down to 9.4% in January

Kowloon East still had the highest vacancy rate at 12.4%.

Hong Kong to see 4m sq ft of new office spaces this year

Rents will remain under pressure with a 15% decline expected over 2022.

Hong Kong Grade A office rents to jump by 5-10% in 2022

The recentralisation trend is expected to underpin rental growth.

Hong Kong landlords start operating their own co-working spaces

Landlords had to become creative to meet their tenants' changing needs.