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Office rental
The latest news, analysis and opinion on Office rental. In-depth analysis, industry insights and expert opinion.
A collapsed building in Bangkok on March 28, 2025. Photo: Xinhua.
International Property

Earthquake jitters sway Thailand’s market for high-rise office towers

Concerns over building safety are adding further pressure to a market that was already grappling with slowing demand.

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Hong Kong property

Southeast Asian buyers, schools fuel revival in Hong Kong commercial properties

Hong Kong property

The View | Bullish case for Hong Kong student housing should be treated with caution

Hong Kong property

Hong Kong office tenants pay world’s second-highest costs: Savills

City’s office-space costs, which trail only London’s West End, declined 1.1 per cent in the first quarter, property consultancy says.

A tram travels among office buildings in Central on January 17, 2025. Photo: Edmond So
Hong Kong property

Hong Kong’s largest flex-office provider seeks deals with landlords

Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says.

Hong Kong stock market

HKEX to buy space in Exchange Square for US$812 million from Hongkong Land

Purchase follows the Securities and Futures Commission’s acquisition of its own permanent office in Quarry Bay in late 2023.

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China property

Swire Properties bullish on mainland China despite tariff war’s pall

Hong Kong developer says it is on the hunt for retail investments in Shenzhen amid the ‘onshoring’ of consumption, CEO says.

People walk through Swire Properties’ Taikoo Li Chengdu. Photo: Swire Properties
Hong Kong property

Hong Kong’s office segment to see faster turnaround than retail: Morgan Stanley

‘We think the Hong Kong office market is not structurally impaired,’ Morgan Stanley’s Praveen Choudhary says.

China property

Exclusive | BlackRock sells last Shanghai asset at discount amid China retreat

The US firm is selling its last major asset in the city, Trinity Place, for 900 million yuan (US$124 million), according to sources.

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Hong Kong property

Hong Kong may need 7 to 15 years to end city’s office glut, experts say

The city has 15 million sq ft of excess office space, more than all the current space in the main business district.

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Hong Kong landlords need to look for tenants outside the city’s traditional industries to fill their vacant offices, experts say. Photo: Eugene Lee
Hong Kong property

Swire Pacific earnings drop 85% as Hong Kong property slump hits projects, assets

Earnings at Cathay Pacific stabilised while the group switched its focus in the beverage business to Thailand and Laos from the US market.

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Exterior of One Pacific Place in Admiralty. Photo: Nora Tam
China property

China’s commercial properties unloved as foreign funds sell for fourth year

Cumulative net selling from 2021 to 2024 amounted to US$11.2 billion, surpassing net buying in 2019 to 2020.

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Hong Kong

Harbour City owner says earnings sink on weak retail, property market

Earnings took into account HK$5.66 billion (US$729.3 million) of deficit from a revaluation of investment properties.

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Hong Kong property

Hong Kong office landlords ‘defensive’ amid supply glut, relocations

‘Flight to quality’ of tenants is ‘absolutely going to continue’ with lots of new supply hitting the market, JLL analyst says.

A reflection of office buildings is seen in the financial district of Central, Hong Kong, on June 11, 2020. Photo: Dickson Lee
China property

China’s office market outlook bleak as foreign firms leave in droves

The office vacancy rate in Beijing climbed to 21 per cent in the fourth quarter of last year, from 17.9 per cent in the fourth quarter of 2020.

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Rents in Beijing’s central business district currently stand at 300 yuan per square metre per month, down from 365 yuan before the pandemic. Photo: Simon Song
Hong Kong property

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers.

Hong Kong property

Rare deals, distressed sales to prevail in Hong Kong property

Traditional investors to stay on the sidelines while educational and church organisations scoop up assets, analysts say.

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Tokyo

Tokyo’s prime office rents rise, but vacancy rates tell a different story

Rents for prime office space in Japan’s capital increased by 5.2 per cent in last year’s third quarter, the most in eight years.

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Office rents in Tokyo rose at the fastest pace in eight years in the third quarter of last year. Photo: Shutterstock
Hong Kong politics

Editorial | Get balance right on offices of Hong Kong’s ex-leaders

Former Hong Kong chief executives still have a role to play, but there is also a need to spend wisely during difficult financial times.

Artificial intelligence

Chinese AI firm SenseTime reduces office space in Singapore

The retreat underscores the competition faced by SenseTime in a new AI era, and the changing fortunes of Singapore’s prime office market.

Hong Kong property

No immediate relief in sight for Hong Kong’s distressed office landlords

The prices of prime office space in the city’s main business zones declined by more than 46 per cent since October 2018.

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Overall rents across the city’s premium office space segment are estimated to have fallen 8.6 per cent this year. Photo: May Tse
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.

People crossing a busy street in Central business district, Hong Kong , in October 2024. Photo: Dickson Lee
Banking & finance

US banks face rising distress as commercial property values slump

Smaller US banks ramp up loan modifications amid slumping commercial property values.

International Property

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

Around 15 per cent of the office space in the business district is currently vacant because of weak demand.

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.

A view of Sotheby’s new space in Hong Kong. Photo: Facebook
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.

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.

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