Hong Kong was the world’s hottest market for IPOs in the first half of 2025 with funds raised from new listings jumping eightfold compared to a year earlier, but even that surge of activity proved insufficient to revive the city’s… Read More>>
Henderson Signs US Trader to Record Lease in Hong Kong Waterfront Project
Nearly four years after paying a record HK$50.8 billion (then $6.5 billion) for a waterfront site in Hong Kong’s Central district, Henderson Land Development has signed what it describes as the biggest lease deal in decades in the city’s traditional… Read More>>
Hong Kong Office Vacancy Holds Firm as Commercial Property Investment Drops 17.8%: JLL
Vacancy in Hong Kong’s Grade A office market held steady in April at 13.7 percent, with prime Central district reporting a slight increase, after commercial property investment in the city fell 17.8 percent year-on-year in the first quarter to $850… Read More>>
Shanghai Office Rents Slide For 12th Straight Quarter
With nearly a quarter of the city’s space standing empty, grade A office rents in Shanghai fell for a 12th straight quarter in the first three months of this year, as international firms pull back on leasing and local demand… Read More>>
Central Tokyo Office Rents Surge as Construction Costs Push Up Rates for New Supply
Grade A office rents in Tokyo’s central five wards jumped in the first quarter of 2025 as greater construction costs pushed up asking rents for incoming supply, triggering elevated rates in the broader market, according to Cushman & Wakefield.
Assumed… Read More>>
Hong Kong Office Rents Down 42% From 2019 Peak After Q1 Slide: C&W
Grade A office rents in Hong Kong dipped to HK$43.90 ($5.66) per square foot per month during the first quarter of the year, marking a 42.2 percent decline from their peak in the same quarter of 2019, according to Cushman… Read More>>
Two-Floor Pickup at Swire’s Pacific Place Led Hong Kong Office Leasing in February
Tenants in Hong Kong’s Grade A office market took up 7,200 square feet (669 square metres) more than they gave back in February, a marginal gain aided by a new letting at Swire Properties’ Pacific Place complex in Admiralty, according… Read More>>
Consultants Envision High Returns Converting Hong Kong’s Unloved Office Buildings
With falling rents and a surge in new building completions taking a toll on Hong Kong office occupancy, consultants see opportunities for achieving five-year internal rates of return (IRR) of around 20 percent by converting unloved office buildings into multi-purpose… Read More>>
Swire Properties Swings to $99M Loss on Headwinds From ‘Difficult’ Hong Kong Office Market
Swire Properties reported an attributable loss of HK$766 million ($98.5 million) for 2024, reversing a year-earlier profit of HK$2.6 billion, as the Hong Kong-based builder’s hometown office portfolio drove markdowns on investment properties for a second year in a row.
Hongkong Land Signs Up Law Firm HFW to Lease Central Floors Amid Rebound Hopes
Hongkong Land announced Tuesday that global law firm Holman Fenwick Willan has taken up two floors at one of the developer’s buildings in Central, as the premier office district shows signs of rebounding after a multi-year struggle.
London-based HFW relocated… Read More>>
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