Office buildings surrounding the Government House in Central district, Hong Kong. Photo: Robert Ng
Hong Kong’s office market is hollowing out as vacancy rate hits 10-year high. Who can save the landlords?
- About 1.1 million square feet of office space had been vacated by the end of May, the equivalent of the whole HSBC Tower
- Expedia, Macquarie, the Securities and Futures Commission are among tenants moving out of prime offices this year
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Hong Kong property
Office buildings surrounding the Government House in Central district, Hong Kong. Photo: Robert Ng