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Hong Kong’s office market records positive net absorption in April
Research - MAY 22, 2024

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Hong Kong’s office market records positive net absorption in April

by Released

Hong Kong’s overall class-A office market recorded a positive net absorption of 248,000 square feet in April, according to JLL’s latest Hong Kong Property Market Monitor report.

That figure mainly was due to the realization of owner-occupied space in the completion of 1 Stubbs Road in Wanchai. Among new lettings, China Mobile Hong Kong leased two floors of a total of 47,400 square feet at Kowloon Commerce Centre Tower A in Kwai Chung, to expand within the building.

 

The moderate improvement in the office-leasing market helped the overall vacanc

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