Hong Kong’s new office stock is estimated to hit 14.5 million sq ft this year, a record high and the equivalent of the total gross floor area of every building in Hong Kong’s Central business district, CBRE says. Photo: Dickson Lee
Hong Kong’s new office stock is estimated to hit 14.5 million sq ft this year, a record high and the equivalent of the total gross floor area of every building in Hong Kong’s Central business district, CBRE says. Photo: Dickson Lee

China border reopening to boost demand for Hong Kong office space, but rents won’t rise significantly, analysts say

  • CBRE expects vacancy levels to go up from 14.6 per cent currently to closer to 16 per cent by the end of 2023, because of a ‘supply boom’
  • Pace of economic recovery and overhang of new office spaces from last year are likely to temper any expansion afforded by mainland Chinese firms, Savills says

Hong Kong’s new office stock is estimated to hit 14.5 million sq ft this year, a record high and the equivalent of the total gross floor area of every building in Hong Kong’s Central business district, CBRE says. Photo: Dickson Lee
Hong Kong’s new office stock is estimated to hit 14.5 million sq ft this year, a record high and the equivalent of the total gross floor area of every building in Hong Kong’s Central business district, CBRE says. Photo: Dickson Lee
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