Tourists stand on the viewing platform of Victoria Peak in Hong Kong overlooking the city’s skyline. Photo: Getty Images Tourists stand on the viewing platform of Victoria Peak in Hong Kong overlooking the city’s skyline. Photo: Getty Images
Tourists stand on the viewing platform of Victoria Peak in Hong Kong overlooking the city’s skyline. Photo: Getty Images
Marcos Chan
Opinion

Opinion

Concrete Analysis by Marcos Chan

Hong Kong’s office vacancy at two-decade highs creates optimal window for companies to set long-term strategies

  • It may take roughly three years for Hong Kong’s office market to clear 5 million square feet of excess office space with rents at decade-low
  • Pressure may not ease just yet with 6.5 million square feet of new Grade A space projected to come into the market in 2022-23

Tourists stand on the viewing platform of Victoria Peak in Hong Kong overlooking the city’s skyline. Photo: Getty Images Tourists stand on the viewing platform of Victoria Peak in Hong Kong overlooking the city’s skyline. Photo: Getty Images
Tourists stand on the viewing platform of Victoria Peak in Hong Kong overlooking the city’s skyline. Photo: Getty Images
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Marcos Chan

Marcos Chan

Marcos Chan is executive director and head of research of CBRE Hong Kong