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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.
Some 25 per cent of respondents say AI adoption will require them to expand their office footprint, according to CBRE. Photo: Sun Yeung
International Property

Asia-Pacific firms divided on how AI will impact office space demand: survey

AI currently has a more significant impact on office operations than on real estate requirements, CBRE says.

Hong Kong property

‘Vicious cycle’: why Hong Kong’s commercial property downturn could worsen

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Hong Kong property

Susquehanna rents 3 floors of office space as market sees slow recovery: sources

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Hong Kong property

Can Hong Kong expect to see fewer creditor-led commercial property sales?

City’s office and retail property segments have been mired in a multi-year slump that has triggered loan defaults.

Commercial buildings in Central, Hong Kong. Photo: Jelly Tse
Hong Kong property

Hong Kong buyers hunt for bargains in city’s battered noncore office market

The noncore office market remains under pressure, but end users are taking advantage of low prices to buy up cheap office space.

Hong Kong property

Swire earnings show Hong Kong’s prime business hubs outpacing others in recovery

First-half results highlight a widening gap between Central’s office recovery and weaker commercial districts.

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Hong Kong property

Cheung Kong Center II tests higher rents amid rebound in Central office market

The high-profile tower initially struggled to lease out space, but is now testing HK$100 per square foot rents amid rising demand for Central offices.

A view of the Cheung Kong Center II tower in Central. Photo: Jelly Tse
Hong Kong property

Hang Lung looks beyond luxury amid changing consumer tastes

Record mall rental income was offset by property writedowns and weak offices, while Shanghai’s Plaza 66 aims to grow beyond luxury shopping.

Hong Kong property

Singaporean investors snap up Hong Kong’s prime office assets

Investors from the Lion City unseated mainland Chinese in the second quarter, seizing distressed asset opportunities amid price corrections.

Hong Kong property

Signs of life? Buyer flips Hong Kong office for 19% profit after just 6 months

Such moves could soon become more common, analysts say, with buyers hunting for discounted prime office space as market sentiment improves.

Window cleaners work at the Far East Finance Centre in Admiralty. Photo: SCMP/Edmond So
Hong Kong property

Hong Kong’s prime office space finds support but noncore demand lags

Demand in Central and Admiralty is picking up, but vacancies of up to 30 per cent and tight bank lending continue to weigh on noncore areas.

View of Admiralty from the Bank of China Tower's top floor. Demand for prime office space in Central and Admiralty picked up in the first half of the year. Photo: Robert Ng
Hong Kong property

Hong Kong prime office rents to increase as vacancies set to plateau

Despite increased supply and a vacancy rate plateauing at 14 per cent, prime office rentals will rise up to 5 per cent this year, says JLL.

Hong Kong property

Hong Kong prime office vacancy hits 7-month low on Central spillover demand

City’s prime office market shows recovery signs as Central nears full occupancy, boosting rentals and spillover demand in nearby districts.

Banking & finance

The View | What Japanese outbound investment says about Asia’s top property market

While the drivers behind Tokyo’s outbound capital flow accentuate challenges in the domestic market, Japanese real estate still shows signs of promise.

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A real estate agent presents the view from a property in Niseko, Hokkaido prefecture, Japan, on February 20. Photo: AFP
Hong Kong property

Hong Kong office sector may boost investment to curb AI tenant loss: analysts

Landlords may need to refurbish or convert commercial real estate to better accommodate artificial intelligence technology, according to experts.

Hong Kong’s central business district. Photo: Sun Yeung
Hong Kong property

US fintech firm iCapital doubles prime office space in Hong Kong

Company leases a 9,000 sq ft space in One IFC in Central, with an eye towards doubling its staff amid rising demand for wealth services.

China's economic recovery

Struggling Chinese regions mine ledgers for dormant riches in ‘idle’ property

Localities battling debt, such as Jilin and Chongqing, pivot to ‘asset revitalisation’ as land revenue remains weak, but analysts flag new risks.

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China property

China’s student housing, offices top property investments amid pricing slump

Growing numbers of university students coupled with supply gap are feeding investor appetite for dormitory-style housing and premium offices.

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Growing numbers of Chinese students have fuelled investor interest in the student housing segment, according to CBRE. Photo: AFP
Hong Kong property

Hong Kong property upswing poised to hold despite interest rates risk: Moody’s

Lower mortgage rates, surging rents and demand from talent inflows and buyers from mainland China to sustain recovery, agency says.

Hong Kong property

Hong Kong’s Central office rents set to reverse multi-year slump in second half

Stronger demand has reduced grade-A vacancy rates in Central to a four-year low of 9.6 per cent.

Hong Kong property

Hong Kong’s first biodiversity loan goes to Henderson Land for Central Yards

Loan from HSBC and Hang Seng Bank, reportedly worth US$12.8 million, enhances city’s stature in sustainable finance, parties say.

Henderson Land paid a record-setting sum of about US$6.5 billion for a 50-year land grant to the Central Yards site in 2021. Photo: Handout
Hong Kong property

Is Hong Kong’s cultural hub of West Kowloon emerging as ‘Central 2.0’?

SHKP to benefit as tenants including UBS, JPMorgan Chase and Banco Santander set to move into new office space near high-speed rail station.

Construction at the Lyric Theatre Complex and Artist Square Towers, West Kowloon Cultural District. Photo: Jelly Tse
Hong Kong property

Hong Kong residential property upturn drives recovery in office, retail sectors

Shop rents will ‘turn positive by year-end’ but likely post a 3 per cent decline for the entire year, Morgan Stanley says.

China property

Dialling down the dazzle: Hang Lung reshapes its China retail formula

Westlake 66 offers early test of Hang Lung’s ‘V3’ strategy, prioritising efficiency, tenant mix and organic expansion over new mega-projects.

Hong Kong property

2-speed recovery hits Central landlords as older towers cut rents to compete

Nexxus Building brings in asset manager, lowers rents and subdivides space to retain tenants.

General view of Hong Kong’s Central district. Photo: Jelly Tse
Hong Kong property

DBS Hong Kong expands footprint with US$334 million The Center purchase

Hong Kong’s biggest office deal this year signals return of confidence to city’s core commercial market.

The Center – once the world’s most expensive skyscraper – at 99 Queen’s Road, Central, Hong Kong. Photo: Nora Tam
Hong Kong property

Hong Kong safe haven appeal seen rising as Middle East turmoil clouds outlook

A slowdown in Hong Kong office leasing reflects caution among multinationals, yet analysts see upside as investors seek stability.

Hong Kong property

Jardine Matheson to exit Taikoo Place, consolidate offices in Central: sources

Move points to Central consolidation as landlords push premium space, with office market splitting between core and decentralised areas.

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