Time for occupiers to strategise with more bargaining opportunities ahead
Compared with other leading global cities, Hong Kong’s employees have witnessed a quicker return to the workplace. However, the pandemic’s economic impact is disrupting occupiers’ real estate strategies forcing them to review opportunities to relieve financial pressure.
Highlights:
- The market has witnessed in increase in enquiries for potential relocations and consultation to downsize.
- A rise in vacancy rates may lead to landlords reviewing their leasing strategies as key submarkets saw a quarterly decline in rents.
