中原(工商铺)：1月份香港商厦租赁成交同比增长近5成 料2月有望继续维持高位

Core Viewpoint - The overall leasing performance of office buildings in Hong Kong in January was strong, with a significant year-on-year increase in both transaction volume and leased area, indicating a positive trend for the market moving forward into February 2026 [1][2]. Leasing Activity - In January, there were approximately 508 leasing transactions, representing a month-on-month increase of about 9.96% and a year-on-year increase of approximately 47.25% compared to 345 transactions in January 2025 [1][2]. - The total leased area reached approximately 1,483,718 square feet, which is a month-on-month increase of about 5.14% and a year-on-year increase of approximately 46.23% from 1,014,645 square feet in January 2025 [1][2]. Vacancy Rates - The overall vacancy rate in Hong Kong Island improved to 11.90% in January, showing a significant month-on-month improvement of 0.3 percentage points and a year-on-year improvement of 2.16 percentage points [3]. - Specific areas such as Admiralty and Central recorded vacancy rates of 6.50% and 11.62%, respectively, with slight month-on-month declines and notable year-on-year decreases [3]. Kowloon Area Performance - The overall vacancy rate in Kowloon was recorded at 16.00%, which is an increase of about 0.67 percentage points month-on-month but a significant year-on-year improvement of 1.16 percentage points [4]. - Tsim Sha Tsui's vacancy rate was 6.47%, showing a decrease both month-on-month and year-on-year, while Kwun Tong's vacancy rate increased slightly [4]. Market Outlook - The number of companies and startups in Hong Kong has reached a record high, with startups numbering 5,221, reflecting an 11% year-on-year growth, indicating Hong Kong's continued status as a financial hub [4]. - As the economy recovers and the stock market stabilizes, there is an increasing demand for office space from both local and international companies, particularly in high-growth sectors like financial services and tech startups [5]. - Following the Lunar New Year, a traditional peak in leasing activity is expected, with many companies facing adjustments, relocations, and expansion needs, suggesting that leasing transactions in February may remain high [5].