The grade A office rental market in Hong Kong showed signs of further softening in November, with several major real estate services firms in agreement that leasing demand would continue to dissipate on the back of a declining economy, rising… Read More>>
HK Office Rents to Rise 5% or Less in 2019 as Tenants Cool Expansion Plans
Hong Kong office rents are expected to increase by no more than five percent in 2019, despite record-low vacancies in prime commercial districts, as occupier demand slows after years of competition for space in the regional finance hub, according to… Read More>>
Hong Kong Office Rents Set to Slide as SG Market Keeps Climbing
Rents in the world’s costliest office market, Hong Kong, may fall for the first time in four years during 2019, as a tanking stock market, rising interest rates and the US-China trade war weigh on sentiment in the financial hub,… Read More>>
JLL Moving Hong Kong Office to Swire’s One Taikoo Place in Quarry Bay
JLL, the world’s second largest property consultancy by revenue, announced on Thursday that it would pack up its office in the city’s traditional business centre of Admiralty and move to One Taikoo Place in Quarry Bay next year.
The Chicago-based… Read More>>
Facebook, Baker Mac Help Swire Pre-Lease Over Half of One Taikoo Place
Over half the space in Swire Properties’ new office tower in its flagship Taikoo Place development has already been leased out, chief executive Guy Bradley announced at the project’s topping out ceremony in Hong Kong’s Quarry Bay today.
Among the… Read More>>
New World’s Victoria Dockside Breaks Record For Kowloon Office Rents
New World Development’s K11 Atelier tower on the Tsim Sha Tsui waterfront has just leased out a full mid-level floor for a monthly rent of HK$2.6 million ($332,413), or HK$95 per square foot, according to a media report. The rate… Read More>>
Mainland Demand Boosts Central Office Rents to New Record – Mingtiandi Hong Kong Office Index
Average grade A office rents in Hong Kong’s Central district climbed to historical highs in the second quarter, driven by escalating demand from mainland Chinese firms.
The average cost for renting a square foot of grade A space… Read More>>
Purchase Restrictions Cool Down China Home Prices and More Asia Real Estate Headlines
Fewer mainland cities saw housing prices rise in June as home purchase restrictions spread into second tier cities. In Hong Kong, the office market may be headed down on sliding demand, while Shanghai’s housing market could face a shortage of… Read More>>
China Now Home to 4 of the World’s 10 Priciest Office Locations
Four out of the world’s ten most expensive office locations are in China, according to a newly released survey, with Beijing and Hong Kong leading the list.
Leasing an office in Beijing’s Financial Street (Jinrong Jie) will cost you US$2120 per square metre per year, and in the Central Business District area you could save a few bucks and get by with paying only
Beijing Office Rents Climb to Third Highest Worldwide
A new report comparing global office rents found that two of the world’s five most expensive areas to lease an office are in Beijing, while Hong Kong continues to lead in rental pricing.
The latest edition of CBRE’s semi-annual Prime… Read More>>
