Hong Kong’s office leasing market hit some unwelcome milestones in the first quarter of 2021, with net absorption sinking to an all-time low and availability of space reaching its highest level in nearly 17 years, according to research from Cushman… Read More>>
Hongkong Land Leases Exchange Square Floors to S&P Despite Central Market Slide
Office rents have been falling in Hong Kong’s Central and the rationalisation of the world’s most expensive business location may have just brought a finance multinational back to one of the district’s trophy towers.
S&P Global moved into a two-floor… Read More>>
Manulife Signs Hong Kong’s Biggest Office Lease Since 2019 in PAG-Owned Tower
Canada-based financial services firm Manulife said Wednesday that its Hong Kong operation had signed a lease agreement for 145,000 square feet (13,471 square metres) of office space in Kowloon East, marking the city’s biggest office leasing deal in terms of… Read More>>
Central Shanghai Office Rents Inch Upward After Two-Year Slide
After the Shanghai office market saw rents slide by an estimated 7 percent last year in the face of the COVID-19 pandemic and a glut of new buildings, leasing rates in the city’s core areas began inching upwards again in… Read More>>
Dyson Helps Fan Singapore Office Market Rebound in First Quarter
Office leasing in Singapore swung into positive territory during the initial quarter of 2021 for the first time since the year-earlier period, nudged by the addition of tech firm Dyson’s lease commitment at a converted colonial-era power plant, according to… Read More>>
Beijing Office Market Added 250k Sqm of Space in Q4 as Vacancy Edged Up
As China’s economy showed signs of recovery in the final months of 2020, Beijing’s office market saw a wave of fresh supply and an upsurge in absorption as tech firms led a flurry of leasing demand, according to a report… Read More>>
Shanghai Core Office Rents Fell 6.7% Last Year as Vacancy Climbs
Shanghai office rents ended 2020 as they began it — in a persistent decline — despite a boost from leasing activity in fringe areas, according to research by global property consultancy JLL.
Rents in Shanghai’s prime office locations fell 1.3… Read More>>
CBRE Promotes Ada Fung to Head of Hong Kong Office Leasing
CBRE on Tuesday announced the promotion of Ada Fung to head of office services within its advisory and transaction services division in Hong Kong, with immediate effect.
In her new role, Fung will oversee the office services team and the… Read More>>
Hong Kong Office Rents Could Fall 10% in 2021 After New Leases Slid 39% This Year
Despite hopes for a recovery after this year’s pandemic-induced meltdown, property consultancies have issued cautious forecasts for Hong Kong in the new year, with office leasing in particular braced for a further decline after a battering in 2020.
This year… Read More>>
Hong Kong Office Market Decline Tapers Off in September
Hong Kong’s troubled Grade A office market saw rents fall again in September, albeit at a slower pace, as vacancies continued to climb in most districts.
Rents contracted further across all major office submarkets in the financial hub, according to… Read More>>
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