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Office rental

Office rental
The latest news, analysis and opinion on Office rental. In-depth analysis, industry insights and expert opinion.
last updated:
9 September, 2024
People crossing a busy street in Central business district, Hong Kong , in October 2024. Photo: Dickson Lee
Hong Kong property

Hong Kong outshines Singapore as demand for flexible office space grows: report

Bengaluru and Makati are the hottest spots as demand surged by 107 and 47 per cent, respectively, according to a study.

Banking & finance

US banks face rising distress as commercial property values slump

International Property

La Défense, Europe’s largest purpose-built business district, seeks Asian investors

Hong Kong property

Hong Kong university pays US$334 million for Chen Hongtian’s seized office tower

Hong Kong Metropolitan University makes its second purchase in six months in this year’s biggest commercial deal.

One HarbourGate East Tower in Hung Hom, Kowloon is among assets seized by creditors from Chinese tycoon Chen Hongtian. Photo: Handout
Hong Kong property

Art houses Christie’s, Sotheby’s show off flashy new Hong Kong showrooms

The auction houses’ glammed up spaces are a reflection of their desire to change the way they conduct business.

Hong Kong property

China, Singapore key to Hongkong Land’s US$10 billion asset disposal goal

Analysts approve the developer’s ‘strategic pivot’, but caution that execution remains key to its success.

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Hong Kong property

Hong Kong landlords head for the exit when the going is good

Owners seize upon market optimism amid rate cuts and easing restrictions before a supply glut and uncertain economy derail sentiment.

Virtus Medical Tower, a 15-storey building in Central, is on sale. Photo: Jonathan Wong
Hong Kong property

As Hong Kong and Singapore age, health businesses loom larger in property market

As the average age in Hong Kong and Singapore rises, landlords and developers need to become more in tune with the medical industry.

Hong Kong property

Hongkong Land seeks US$10 billion from asset reshuffle, eyes high-end market

Strategic pivot aims to ‘ultimately’ double its profit before interest and tax and grow its assets under management to US$100 billion by 2035.

Hong Kong property

Hong Kong’s office market to trail recovery in residential, retail properties

Reports of brisk weekend home sales show the housing market will outpace offices in recovery going into 2025, consultancies say.

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Hong Kong’s office skyline in Central in February 2024. Photo: Sun Yeung
Hong Kong property

Hong Kong developers to feel earnings pain amid high vacancy rates: Moody’s

Moody’s says office and retail property segments are likely to remain under pressure.

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Hong Kong’s office and retail property segments are likely to remain under pressure, according to Moody’s. Photo: Jelly Tse
Hong Kong Monetary Authority (HKMA)

Rising bad debts on Hong Kong commercial property ‘a concern’: HKMA CEO

The increase is ‘not alarming’ as the banking system is robust enough to handle the uptick, according to Eddie Yue.

Hong Kong property

Hong Kong landlords set to worsen office glut as fresh supply hobbles recovery

Some 3 million square feet of supply will hit the market next year, likely delaying any recovery in office rentals, analysts say.

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Art

Christie’s unveils lavish new Asia HQ at Hong Kong’s The Henderson

The new venue, which spans 4 floors in The Henderson and will hold first sales on September 26, signals a commitment to ‘prestige’ and Hong Kong.

The clients’ lounge at Christie’s new Asia headquarters in Hong Kong’s The Henderson. Photo: Christie’s
Hong Kong property

Exclusive | Henderson’s trophy tower to host galas, mega events in Hong Kong

The Henderson, a 36-storey office building in Central, will host some of the biggest events this year at its 6,800-sq ft rooftop ballroom.

The Henderson’s ballroom banquet is set to host gala dinners of Hong Kong’s top events. Photo: Handout
China property

Shanghai landlords throw in free desks, chairs to lease empty offices

‘Rental fees are going down, and competition is getting fiercer,’ as landlords fight to sustain occupancy rates, CBRE researcher says.

Hong Kong property

Snack food producer Four Seas snaps up Kowloon office space amid bargains

Hong Kong’s depressed property prices are tempting buyers. Four Seas returns to the market after selling its office and warehouse in 2017, suggesting the slump may be ending.

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Hong Kong economy

Hong Kong politics and high costs hit overseas business confidence: survey

German Chamber of Commerce survey finds problems include wariness at headquarters back home over effects of domestic national security law.

The high cost of office and housing in Hong Kong is affecting business confidence, a survey has found. Photo: Dickson Lee
Hong Kong property

Chinese uber-influencer ‘Crazy Xiaoyangge’ expands to Hong Kong

Three Sheep rents a 5,570 sq ft office for around US$23,000 a month as agents note an uptick in inquiries from mainland-based companies.

Hong Kong property

Hong Kong office towers put up for sale amid owners’ loan-payment conflict

Gaw Capital and Hengli investments bought the buildings, known as Cityplaza Three and Four, for US$1.9 billion in 2019.

China property

State-backed firms are top buyers, new pillar in Beijing’s real estate market

State-backed companies have outgunned other investors in Beijing’s commercial property market, adding to their aggressive purchases in 2022 and 2023, according to Savills.

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Beijing’s commercial buildings, viewed from a platform in a shopping mall in central business district in July 2024. Photo: AFP
China property

Beijing’s office leasing market mired in a downward spiral

‘Office rents in the central business district have declined by 20 to 30 per cent from a year ago because the economy is bad,’ Beijing-based real estate agent says.

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A view of the skyline in central Beijing, where office towers are fast losing tenants. Photo: AP Photo
Hong Kong property

CEOs in Hong Kong turn to hybrid work model to retain talent, boost efficiency

CEOs are turning their attention towards hybrid work environments for their employees, convinced that this approach will help retain talent and boost efficiency.

Better Living

How the Hong Kong property market is bouncing back in 2024

Investors remain cautious, but government incentives have helped, high-value properties are continuing to find buyers, and the rental market is stable

Hong Kong property

Gaw Capital’s auction of Hong Kong commercial tower has buyers interested

133 Wai Yip, which was acquired in 2013 for HK$930 million (US$119 million), could fetch as much as HK$1.45 billion, according to Vincorn Consulting’s estimates.

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Gaw Capital has put 133 Wai Yip in Kwun Tong for sale via auction. Photo: Handout
Asia housing and property

The View | Why pandemic strengths for Asia’s offices are no longer sustainable

The advantages that carried Asia’s office market through the Covid-19 pandemic are weakening amid a supply boom and shifting priorities.

A woman rests on a bench near office buildings around the central business district in Beijing on July 15. The office market in China and elsewhere in Asia faces new challenges as occupier and investment demand focuses on premium buildings. Photo: AP
China property

Shanghai’s weak office market has companies on prowl for lower rents

Large corporate tenants with growing bargaining power are relocating offices to less developed areas as they cut down on rental costs.

Hong Kong property

Hong Kong, mainland China weigh on Asia-Pacific office rents: Knight Frank

Beijing, Shanghai, Hong Kong and Guangzhou had the sharpest declines among 23 cities in the second quarter, consultancy Knight Frank says.

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