智通财经APP获悉，瑞银发布研报称，因供应充足，中国内地写字楼市场前景充满挑战，同时有更多明 确信号指出，香港写字楼市场正在复苏。 随着2026至2027年供应量下降，尤其在中环地区，瑞银认 为，香港中环的甲级写字楼市场正接近见底，相信香港写字楼市场的复苏将继续惠及拥有香港甲级写字 楼业务的股票，包括太古地产(01972)、太古股份公司A(00019)、置地公司、希慎兴业(00014)和恒基地 产(00012) 。 瑞银续指，根据世邦魏理仕(CBRE)的数据，上海写字楼租金第三季按季下降0.8%。期 内，由于两栋新办大楼完工，上海写字楼供应量增加了11.6万平方米，而净吸纳量按季增长6.7%至10万 平方米。未来六个月，瑞银预计将有82万平方米的新供应进入市场;并预计因明后两年供应充足，上海 写字楼租金明年将继续下降。 该信息由智通财经网提供 ...

Core Insights - The Hong Kong office leasing market is showing signs of demand recovery despite structural challenges such as interest rate pressure, weak demand, and oversupply [1][2] - The financial sector's recovery, active property acquisitions by end-users, and government policies driving relocation demand are injecting new momentum into the market, particularly in the prime areas of Central [1][2] Group 1: Market Trends - The report from Savills indicates that medium-sized hedge funds and quantitative funds are actively entering the core areas of Central, leasing spaces of 1,500 to 5,000 square feet, which is driving demand for landmark properties like the International Finance Centre and AIA Financial Centre, maintaining rents at HKD 110-130 per square foot [1] - Secondary locations in Central are seeing rents generally between HKD 40-60 per square foot, creating direct competition with high-quality Grade A properties in Causeway Bay and West Kowloon [1] Group 2: Future Projections - For the fiscal year 2025, several large self-use transactions are expected, with entities like the Hong Kong University of Science and Technology and the Hong Kong Bar Association absorbing over 430,000 square feet, which will help mitigate the ongoing market decline [1] - A new policy allowing commercial buildings to be converted into student dormitories is projected to generate a relocation demand of 845,000 square feet annually, with about half expected to be absorbed by Grade A offices in the area, serving as a new driver for market recovery [1] - Hong Kong regained its position as the global IPO fundraising leader in the first half of the year, raising over HKD 107.1 billion, which is anticipated to create significant opportunities for investment banks and professional service firms, further supporting demand for core area office spaces [2] - If the financial sector continues to recover, the annual absorption of office space in Hong Kong is expected to return to pre-pandemic levels of 1.3 million square feet, with an additional 400,000 square feet from user acquisitions and another 400,000 square feet from relocation demand, leading to a total annual absorption of 2.1 million square feet [2] - Under optimistic scenarios, the vacancy rate is projected to peak at 16% by 2026, gradually declining to 6% by 2030, which may trigger a rebound in office rents [2]