Hong Kong’s largest and most prestigious office location
Over the last decade, Hong Kong’s CBD office market has been dominated by limited availability and high rents. This has seen the emergence of a popular occupier strategy to decentralise to find more competitive options.
Since the second half of 2018, Hong Kong’s Grade A office market has entered a correctional phase leading to a drop in rental rates of 26% in the CBD from its last peak in March 2018.
In our latest Colliers Radar, we revisit the current landscape of the CBD Grade A office market to examine the drivers behind this major shift. We also discuss the diverging performance between higher-quality and mid-market buildings, and what this means for occupiers and landlords.