https://www.scmp.com/rss/323606/feed Alex Barnes is head of Hong Kong markets at JLL en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Powerful forces are at work that will reshape Hong Kong’s commercial real estate landscape over the next 15 years. The emergence of technology and innovation businesses are key pillars of the city’s economy alongside the traditional financial, trade and services sectors. As the economy evolves to accommodate these additional enterprises, current commercial districts will be expanded, realigned and combined, and new clusters created. Significant R&D, office and transport infrastructure will also... https://www.scmp.com/business/article/3189729/hong-kongs-evolving-economy-can-help-owners-and-occupiers-maximise-real?utm_source=rss_feed https://www.scmp.com/business/article/3189729/hong-kongs-evolving-economy-can-help-owners-and-occupiers-maximise-real?utm_source=rss_feed Tue, 23 Aug 2022 04:01:24 +0000 Covid-19 has driven a well-documented shift in working practices, with work-from-home policies providing flexibility to previously office-bound roles. However, employees are showing signs of missing the social interaction and professional work environment provided by the office. JLL’s latest Worker Preference Barometer, which asked respondents across Asia Pacific, revealed that employees would like to spend three days a week in the office on average, up from just two days in a year-earlier... https://www.scmp.com/business/article/3158591/changing-work-dynamics-inject-new-life-hong-kongs-prime-office-sector?utm_source=rss_feed https://www.scmp.com/business/article/3158591/changing-work-dynamics-inject-new-life-hong-kongs-prime-office-sector?utm_source=rss_feed Tue, 07 Dec 2021 04:01:10 +0000 A long-term trophy among global property markets, Hong Kong has needed a myriad of external events to accelerate long-awaited changes in real estate. Hong Kong’s high office rents and low vacancy rates have consistently made news headlines. More recently, this has changed to significant rental declines, pushed by economic challenges and Covid-19. But even with year-to-date adjustments in rents amounting to more than 20 per cent declines in average rentals, according to JLL research, Hong Kong... https://www.scmp.com/business/article/3112051/covid-19-has-provided-hong-kong-property-developers-opportunity-evolve?utm_source=rss_feed https://www.scmp.com/business/article/3112051/covid-19-has-provided-hong-kong-property-developers-opportunity-evolve?utm_source=rss_feed Tue, 01 Dec 2020 05:15:11 +0000 Long-term rental savings have always been, unsurprisingly, a big pull factor for businesses when relocating from one business district to another, including out of Central. This has been tempered by locational boundaries for certain business sectors in a unique market where the right end of Central has been an important location consideration for many banking and finance businesses. From 2007 through 2010 there were a number of major relocations out of Central. These were driven, in the early... https://www.scmp.com/property/article/2049758/hong-kongs-central-still-best-bet-businesses-vacancy-threats-diminish?utm_source=rss_feed https://www.scmp.com/property/article/2049758/hong-kongs-central-still-best-bet-businesses-vacancy-threats-diminish?utm_source=rss_feed Tue, 29 Nov 2016 08:01:30 +0000