Office In October, the Hong Kong office market continued to navigate a challenging environment. The office vacancy rate on Hong Kong Island remained relatively high at 13.3%. While challenges remain, there are positive indicators of moderate recovery in the financial landscape. While in Kowloon, the...
Cathie Chung, senior director of research at JLL in Hong Kong In Hong Kong’s key office submarkets, rents in Central registered the largest drop of 0.6 percent last month, while Wan Chai/Causeway Bay and Tsim Sha Tsui saw smaller respective declines of 0.2 and 0.1 percent. October’s stan...
The vacancy rate in Central was steady in July at 7.4 percent, as quality office buildings in the main business district met with greater occupier demand than those in the rest of the market, the property consultancy said in itsHong Kong Property Market Monitor report. Despite a handful of ...
In Hong Kong, demand remains strong, despite having the world's most expensive office space, with vacancy rate of just 3.1 per cent, the lowest in Asia-Pacific. Here, office rents for Grade A office soared by 36 per cent for the full year of 2010, rivalling the 37 per cent increase r...
Ma Anping, head of Hong Kong’s research department at Jones Lang LaSalle, said: “Hong Kong is the financial hub of Asia. Central is still the most important financial district. Due to the low vacancy rate in Central, the rent is moving upwards.” He said that Most of the companies ...
This study found that the CBD is a more stable office market sector than the non-CBD. During a market upturn, the Grade A office market in Hong Kong DD has outperformed that in the CBD. However, during a market downturn, the vacancy rate in the DD tends to increase at a greater rate...
”To be sure, landlords face their own challenges. Property sales have been slow as buyers avoid going out, and the office vacancy rate is at its highest in more than a decade. Prominent landlords like Swire Properties Ltd and Wharf REIC saw their property valuations reduced. The index ...
For the fourth consecutive quarter, Hong Kong’s Grade A office market experienced positive net absorption, with 324,100 square feet of space absorbed in Q3, according to real estate services firm Cushman & Wakefield. This marked a significant turnaround, with the availability rate dropping to 19...
According to data published byJones Lang LaSallein May, the vacancy rate of office buildings in Causeway Bay is as low as 2.3%. Kr Space plans to focus on helping more ofHong Kong'slocal business and innovative companies find a space that works for them. K...
Hong Kong had 12 submarine cable systems and 23 overland cable systems connected to the mainland, while also operating nine for external communications satellites. In April of the same year, its household broadband penetration rate stood at 99.5% while, according to theOffice of the Communications ...