Hong Kong offices marketview Q1 2012 [electronic resource]
Hong Kong offices marketview Q1 2012 [electronic resource]
- Hong Kong CBRE 2012
- CBRE Hong Kong Offices Marketview Q1 2012 1 June 2012 .
The Hong Kong office market has been hit by weaker economic growth and job losses in the financial sector. Vacancy levels continued downwards in Q1 but downsizing and non-renewal of leases at expiry will force vacancy rates upwards once more. Kowloon has been the most stable area for rents. Landlords in central areas are more willing to offer discounts to secure tenants. The remainder of 2012 should offer occupiers further opportunities as cheaper rents become available. Quick stats -- overview -- Hong Kong Island -- Kowloon -- selected leasing transactions in Q1 2012 -- selected office supply -- CBRE rental growth -- terminology.
Hong Kong
The Hong Kong office market has been hit by weaker economic growth and job losses in the financial sector. Vacancy levels continued downwards in Q1 but downsizing and non-renewal of leases at expiry will force vacancy rates upwards once more. Kowloon has been the most stable area for rents. Landlords in central areas are more willing to offer discounts to secure tenants. The remainder of 2012 should offer occupiers further opportunities as cheaper rents become available. Quick stats -- overview -- Hong Kong Island -- Kowloon -- selected leasing transactions in Q1 2012 -- selected office supply -- CBRE rental growth -- terminology.
Hong Kong