Hong Kong

Q2 2020 Hong Kong Market Report

As global companies realize the importance of having a unified approach to their real estate demands, the need to understand local market practices and business traditions is greater than ever.

Jim Underhill arguing that people are not going back—at least, not to the office life we had, with hundreds or thousands of employees showing up at the same building every day, often to be squeezed into a densely packed, open-plan office. “Call it a de-consolidation of space, rather than having everyone come into one massive office in the cities, though they will remain the hub,” he told Quartz.

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.

Q3 2019 Hong Kong Market Report