News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
Content Sharing
Cushman & Wakefield Keeps Forecast of Up to 9% Drop in HK Office Rents This Yr
The overall office vacancy rate in Hong Kong remained sturdy in 2Q25, lately logged at 19.3%, John Siu, Managing Director at Cushman & Wakefield (C&W), stated. However, the...
Reset
Send
The window will close in 5 seconds
Cushman & Wakefield Keeps Forecast of Up to 9% Drop in HK Office Rents This Yr
Close
Recommend
26
Positive
44
Negative
30
 
 

The overall office vacancy rate in Hong Kong remained sturdy in 2Q25, lately logged at 19.3%, John Siu, Managing Director at Cushman & Wakefield (C&W), stated. However, the net absorption halved QoQ to 71,400 sq.ft.. Meanwhile, the substantial potential supply continued to suppress rents, with overall rents dropping by another 1% in 2Q25, bringing the total drop in 1H25 to 3.4%.

In 1H25, the Hong Kong Stock Exchange regained the top position globally in IPO fundraising, Siu mentioned. With more mainland Chinese companies listing in Hong Kong, it is envisioned to further boost office market sentiment and drive leasing demand in related sectors such as banking, finance, and professional services.

Related NewsBofAS Has Positive View on SWIREPROPERTIES (01972.HK) US Property Sale
Despite the improved market sentiment, the tremendous future supply and high vacancy rate may continue to pressure rent performance in the coming quarters, Siu said. After the new supply is completed by the end of the year, the vacancy rate may rise to 21-22%. C&W maintained its forecast that overall office rents in Hong Kong will decline by about 7-9% for the year.

AASTOCKS Financial News
Website: www.aastocks.com

Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.