Hong Kong Office Leasing

The Stock Connect schemes have revitalised the office market and tightening vacancy has now put rents firmly on an upward trajectory.

July 2015

 
  • The spotlight in the office market is still on PRC demand as banks, securities firms and funds all look for space in light of the Stock Connect schemes and Mainland-Hong Kong Mutual Recognition of Funds.
  • Space requirements vary from 10,000 to 20,000 sq ft for securities companies, to 5,000 sq ft plus for funds and 3,000 to 10,000 sq ft plus for banks depending on the nature of the entity
  • Demand from retailers has stalled while any tourist-related office demand does not look very promising right now.
  • Other areas of growth include the insurance companies as Mainland demand for insurance products, particularly life insurance, remains strong.
  • With the next supply peak due in 2017 rents could rise steadily over the next two years, coming close to their previous peak of 2011.
 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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