高力：香港写字楼租户趋于审慎 31%受访者对未来1年业务前景持负面看法

Core Insights - The report indicates that 31% of respondents have a negative outlook on their business prospects for the next year, surpassing the 28% with a positive outlook, reflecting a cautious sentiment among office tenants in Hong Kong [1] - Despite the cautious approach, 41% of respondents maintain a neutral stance, indicating overall market stability [1] Tenant Behavior - 55% of tenants plan to maintain their current office space, while 27% intend to downsize and 18% are considering expansion [1] - Among those looking to downsize, 81% cite cost optimization as the primary reason, followed by reduced business demand at 60% [1] - Expansion intentions are driven by business growth in Hong Kong (68%) and insufficient existing space (51%) [1] Industry Trends - The Technology, Media, and Telecommunications (TMT) sector and the insurance industry show the strongest intentions to expand office space, with 35% and 36% of respondents respectively planning to do so [1] - The banking and finance sector remains stable, while the shipping, logistics, and procurement sectors exhibit a stronger tendency to downsize, reflecting varied strategies across industries in response to market uncertainties [1] Cost Considerations - Rent remains the primary factor for 92% of tenants when choosing office space, followed by building quality (72%) and floor area size (37%) [2] - Environmental, Social, and Governance (ESG) factors are increasingly important, with 12% of respondents considering ESG certification in their decision-making, rising to 41% among flagship tenants [2] Location Preferences - Tenants in Central/Admiralty (91%) and Kowloon East (83%) show high loyalty to their locations, while tenants in Sheung Wan (57%) and Hong Kong Island East (73%) are more inclined to relocate [2] - Companies are seeking to move to core areas to enhance their corporate image or to emerging locations for better cost-effectiveness [2] Lease Expectations - Approximately 64% of tenants plan to renew their current office space, with 44% not intending to change their leased area [3] - Rent remains a decisive factor, with 88% of respondents expecting rent-free periods, 49% seeking capital expenditure subsidies, and 46% desiring management fee discounts, a significant increase from 25% in 2024 [3] - The Kowloon area is noted for its competitive rental rates and quality space, catering to tenants' increasing expectations for lease flexibility and favorable terms [3]