JLL_2018 Property Market Monitor HKG_Jun 2018 04 June 2018
PRC co-working operators continue to move into the Hong Kong office market.
Office
Leasing activity in the overal market picked up in May, with net absorption int the overall market amounting to 153,400 sq ft. Demand was mainly focused on new and upcoming Grade A offices, accounting for about 48% of all new lettings, in terms of floor area. At One Hennessy, a new Grade A office being built in Wanchai, Shanghai Pudong Development Bank reportedly leased eight floors (85,400 sq ft) for their first centre in Hong Kong, KR Space is also reportedly negotiating additional locations around the city.
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