香港写字楼市场展现更多回暖迹象

Core Insights - The Hong Kong office market is showing signs of recovery, with Central Grade A office rents increasing by 0.1% month-on-month in November, marking the first month-on-month growth since May 2022 [1] - UBS reports that the supply of office space in Central is expected to decline between 2026 and 2027, indicating that the Grade A office market in Central is nearing a bottom, which will benefit companies with Grade A office operations in Hong Kong [1] - The recent report from Savills indicates a significant recovery signal in the Hong Kong office market, driven by a booming IPO market and expanding demand from the financial sector, suggesting that rents for quality office spaces in Central may rebound sooner than expected [1] Vacancy Rates and Market Dynamics - As of the end of September, the overall vacancy rate for Grade A offices in Hong Kong was 17.1%, a decrease of 0.3 percentage points, representing the largest quarterly decline since Q3 2018 [2] - The active performance of the Hong Kong stock market has bolstered confidence in its status as an international financial center, prompting financial institutions to accelerate their real estate plans [2] - The office market is expected to exhibit a differentiated pattern, with core areas stabilizing while non-core areas face pressure, indicating that the long-term recovery of the Hong Kong office market relies on improvements in the global economic environment and the pace of new supply absorption [2] Developer Strategies - Local developers have begun to adopt new strategies targeting companies planning to list or expand operations in Hong Kong [2] - Despite the ongoing demand for quality office spaces driven by the finance, wealth management, and professional services sectors, the share of technology companies in the market is significantly increasing [2]