In May, office tenants were generally taking a cautious market view and were withholding their leasing decisions amid escalating Sino-US trade war and the recent local political tensions. With leasing momentum continuing to weaken, Grade-A office rents in Central fell slightly by 1.0% month on month to HK$160 per sq ft. Transaction volume in the area was also impacted, with most of the deals recorded in the small or mid-scale level of below 15,000 sq ft.
Download the Report Read MoreColliers expects demand from flexible workspace operators to rise to 10% of total office space until 2022. However, relative to other major cities, Tokyo’s...
Download the Report Read MoreOccupiers have shown concern against the backdrop of a slowing global economy and US-China trade tension. We expect more firms to wait and see over the next 12 months, while 41% of occupiers plan to expand over the next three years. This is the third consecutive year in which we have conducted our Colliers Hong Kong Occupier Survey. This year...
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