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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.
A general view of Hong Kong’s Central district, January 26, 2026. Photo: Jelly Tse
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

Hong Kong property

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

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.

A view of Admiralty and Central is seen through the glass windows of the Hong Kong Convention and Exhibition Centre in Wan Chai, April 14, 2026. Photo: Jelly Tse
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.

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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.

Hong Kong property

New World pulls back on Causeway Bay acquisition amid uneven recovery

Developer steps back from consolidating three commercial sites as high costs and patchy demand weigh on redevelopment decisions.

No 76 Percival Street in Causeway Bay. Photo: Antony Dickson
China property

Mainland China, Hong Kong premium office supply to peak as demand lags: Cushman

Weak absorption reflects cautious corporate leasing amid global uncertainties, but Cushman expects gradual recovery as new sectors expand.

Beijing is among top cities in Greater China expected to see some of the biggest stock of new office supply in the coming years, Cushman & Wakefield says. Photo: Getty Images
Hong Kong property

Office vacancy rate in Hong Kong’s Central drops to single digits after 2 years

Wan Chai-Causeway Bay area also improves, reducing citywide vacancy rate even though most areas remain under pressure, JLL says.

Hong Kong property

JPMorgan signs up as anchor tenant for SHKP’s West Kowloon office development

The US investment bank is leasing 250,000 sq ft in Artist Square Towers, which will house its Kowloon operations from late 2028.

Hong Kong property

Hong Kong developers Swire, Wharf report profit growth amid valuation pressure

Swire’s underlying profit rose on asset disposals, while falling property valuations weighed on results at both Swire and Wharf.

Swire’s underlying profit rose on asset disposals, but falling property valuations weighed on results. Photo: Nora Tam
International Property

Singapore offices cost the most to outfit, Asia-Pacific survey says

Fit-out costs in the city average more than US$2,000 per square metre, topping Tokyo, with Hong Kong in eighth, Knight Frank report says.

Rents have been rising amid falling vacancy rates in Singapore’s central business district. Photo: AFP
Hong Kong property

Hong Kong’s small landlords turn to co-working, student hostels to survive

With record office supply and tenants flocking to premium towers, landlords convert assets to co-working and student digs to survive.

Hong Kong property

Hong Kong banks’ collateral asset valuations to continue declining in 2026: S&P

The city’s commercial property market remains on a sustained downturn, as rents continue to fall and vacancy rates soar.

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Hong Kong property

SHKP, Hong Kong’s bellwether developer, posts 36% jump in first-half net profit

The company plans to launch many new residential projects over the next 10 months, including the second phase of Cullinan Harbour in Kai Tak.

Sun Hung Kai Properties’ Sierra Sea residential development in Sai Sha. Photo: Edmond So
China property

Empty shops, falling rents: commercial property suffers in China retail slump

China’s key shopping street rents have fallen to 2018 levels as cautious consumers cut spending and landlords lower prices to fill vacancies.

Hong Kong economy

Editorial | Steady recovery in Hong Kong’s property market a vote of confidence

Landmark deals in Central show foreign financial institutions see potential in the city’s and China’s economy.

Hong Kong property

How Hong Kong’s headquarters economy fuels rebound in commercial property

The headquarters economy is powering office and retail recovery, with rising demand, stabilising rents and renewed investor confidence.

The city’s office market showed signs of stability in 2025. Photo: SCMP
Hong Kong property

How 2 landmark Central deals boost sentiment in Hong Kong’s office market

JLL’s Alex Barnes and his team closed decade-high single-tenant leases – deals that took on wider significance as rental declines slowed.

Alex Barnes says the two big deals “certainly put a stake in the ground that signified the market has bottomed”. Photo: Edmond So
Hong Kong property

Hong Kong property back as a top choice for foreign investors, study says

Commercial sector rebounds after missing top 10 a year ago, CBRE says, as Knight Frank research shows recovery in luxury residential deals.

Hong Kong property

Hong Kong logs US$37 million Admiralty office deal amid market recovery hopes

The sale follows a series of sizeable office transactions and a pickup in leasing, as investors reassess opportunities in Hong Kong.

Hong Kong property

Fancl distributor couple buys Lippo Centre office, shop in US$38.3 million deal

Purchase by the Japanese skincare brand’s distributor marks a 60 per cent cut from 2017 price as cash-rich local investors hunt for bargains.

The sun is reflected on the Lippo Centre in Admiralty. Photo: Dickson Lee
China property

Hotel conversions gain traction in China’s office market amid high vacancies

In Hangzhou, one office building now houses around 10 hotels, alongside restaurants, photography studios and second-hand luxury stores.

Hotel operators are seeking lower-cost, well-located space, and office landlords are looking to reduce vacancy, says James Macdonald, head of research for China at Savills. Photo: Handout
Hong Kong property

Hong Kong’s latest office landmark nearly full as segment upturn simmers

The Henderson has reached 90 per cent occupancy, as ‘the rental downcycle is nearing its end’, analyst says.

Hong Kong property

Hong Kong commercial property set for 10% rise in 2026, Colliers says

‘Measured recovery’ is in progress as mainland investment hits a half-decade high, consultancy says.

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