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
JLL: Central Grade A Office Vacancy Rate Drops to 10.1% in Jan, Lowest Since 2023
The vacancy rate for Grade A offices in Central, Hong Kong sank 0.8 ppts MoM to 10.1% by the end of January, receding from the peak of 12.2% in September 2024, marking the trough s...
Reset
Send
The window will close in 5 seconds
JLL: Central Grade A Office Vacancy Rate Drops to 10.1% in Jan, Lowest Since 2023
Close
Recommend
27
Positive
32
Negative
20
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

The vacancy rate for Grade A offices in Central, Hong Kong sank 0.8 ppts MoM to 10.1% by the end of January, receding from the peak of 12.2% in September 2024, marking the trough since 2023, according to a report by JLL. As of the end of January, the overall office vacancy rate fell to 13.5%; among which, the vacancy rates in Wan Chai/ Causeway Bay and Tsim Sha Tsui also dropped 0.5 ppts MoM.

Sam Gourlay, Head of Office Leasing Advisory in Hong Kong Island, JLL, stated that the market is witnessing a return of leasing demand to core areas, primarily motivated by financial institutions. The vacancy rates of several top-quality Grade A office buildings in Central remarkably improved or dropped to single digits, and some of the overflow demand gradually penetrated into non-traditional core business districts, which was expected to benefit the overall Grade A office market.

Related News UBS: Hong Kong Office and Retail Markets Under Short-term Pressure; Prefers Net Cash High Dividend Stocks Like CK Asset (01113.HK) and Sino Land (00083.HK)

AASTOCKS Financial News
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.