Jones Lang LaSalle(US:JLL) 智通财经网·2025-08-25 05:46Core Insights - The report from JLL indicates that Hong Kong's Grade A office leasing market recorded a positive net absorption of 189,500 square feet in July, marking four consecutive months of positive absorption since April [1] - Despite the improvement in vacancy rates, rental prices continue to decline, with a 0.5% month-on-month decrease in overall Grade A office rents in July [1] Rental Trends - The most significant rental decline was observed in East Hong Kong Island, which fell by 2.6%, followed by Kowloon East with a slight decrease of 0.7%, and Central with a minor drop of 0.2% [1] Vacancy Rates - The overall vacancy rate for offices slightly improved, decreasing to 13.4% by the end of July, with most sub-markets experiencing a decline in vacancy rates [1] - East Hong Kong Island and Kowloon East saw their vacancy rates drop to 13.4% and 20.2%, respectively, while the Wanchai/Causeway Bay area recorded negative absorption, leading to an increase in vacancy rate to 9.6% [1]