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Colliers Quarterly | Q2 2020 | Office

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Hong Kong Quarterly Q2 2020 ofice 1536x1040

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.

Hong Kong Quarterly Q2 2020 ofice 1024x972

Colliers Quarterly | Q2 2020 | Office

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