Despite a slowdown in the Hong Kong commercial real estate market, office rents in the Asian financial hub rose to record levels in the fourth quarter, reaching an average of HK$146 ($18.62) per square foot per month on a net… Read More>>
Swire Reaches 100% Occupancy at One Taikoo Place in Hong Kong
Hong Kong’s commercial centre of gravity may have just shifted a few MTR stops eastward as Swire Properties announced today that its latest office tower in Quarry Bay, One Taikoo Place, has now reached 100 percent occupancy.
Swire revealed that… Read More>>
HK Market Watchdog Said Leasing 10 Floors in Swire’s Taikoo Place
A growing number of financial institutions have fled rising office rents in Hong Kong’s Central district this year, and now one of the government bodies charged with regulating the city’s financial markets appears to be following the migration of its… Read More>>
Cigna Flees HK Island Office Rents With Move to Mapletree Kowloon Project
Cigna Worldwide Life Insurance has become the latest multinational to flee the rising costs of Hong Kong island office space for Kowloon’s more budget-friendly shores, according to local media reports.
The US-based insurer is set to become neighbours with HSBC… Read More>>
Law Firm Flees Hong Kong’s The Center for Wanchai as Office Rents Keep Climbing
Offshore incorporation specialists Maples and Calder, are giving up the 53rd floor of The Center on Hong Kong’s Queen’s Road, as yet another international company flees the world-leading rents of Hong Kong’s Central district.
The law firm’s new home will… Read More>>
Ping An Rents Whole Floor in HK’s Exchange Square as Mainlanders Dominate Central
Mainland corporates continue to dominate office leasing activity in Hong Kong’s Central district as China’s Ping An Bank has recently agreed to pay nearly triple Manhattan office leasing rates for a high floor in Exchange Square.
The mainland financial institution… Read More>>
Surging Supply Brought Down Office Rents in Q2 – Mingtiandi Shanghai Office Index
Developers enticed by Shanghai’s burgeoning tech and service sectors are betting that the city needs more offices, with nearly a quarter million square metres of new space being added to the city centre last quarter, according to figures compiled by… Read More>>
Shanghai Office Market to Reach 11M Sq Metres by 2020 Says JLL
Shanghai is set to be Asia Pacific’s largest office market within the next three years, surpassing Hong Kong, Tokyo and Sydney as the Chinese commercial hub’s service sector drives demand for grade A space.
Approximately 1.1 million square metres (11.8… Read More>>
Hong Kong Office Rents Now 50% Higher than London and NYC
Just two years ago Hong Kong’s students were taking to the streets to protest their lack of electoral choices, but the next round of riots could come from CFOs struggling to pay the city’s world-leading office rents.
Grade A office… Read More>>
HSBC Rents 300 Desks At WeWork HK, But Don’t Call Them Cheap
WeWork is known for providing a workspace for startups, freelancers and other smaller entities so the company’s GM for Hong Kong, Australia and Korea Henek Lo might have been a little surprised when banking giant HSBC called up to rent… Read More>>
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