Hong Kong’s office leasing market picks up pace for fourth straight month
Office-leasing activity in Hong Kong rose for a fourth straight month in July, chipping away at the elevated vacancy rates that continue to weigh on rents, according to JLL.
Tenants leased a net 190,000 sq ft of prime office space last month, the property consultancy said on Monday. Among them was Shell Hong Kong, which leased 12,300 sq ft at The Millennity in Kwun Tong, relocating from Landmark East in the same district.
However, grade A office rents continued to fall, declining 0.5 per cent in...
