Q4 2019 Hong Kong Market Report
Impacted by the continued social unrest locally as well as strained US-China trade relations, Q4 saw the overall vacancy rate in the Hong Kong Grade A office sector further increase. These higher vacancy rates combined with a slow down in demand have had an impact on overall Grade A rentals which presented a decline across all sub-markets. Leasing demand in this quarter predominantly came from Government institutions, insurance companies, new technology and biotech companies.
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