Core Insights - The report by JLL indicates a slight month-on-month increase of 0.1% in Central Grade A office rents, marking the first recorded growth since May 2022 [1] - Improved vacancy rates in premium Grade A offices support landlords in rental negotiations, with overall vacancy rates decreasing to 13.1% by the end of October [1] - Significant transactions include the relocation of the Mico Group from Causeway Bay to Central, occupying approximately 10,201 square feet for expansion [1] Market Trends - The vacancy rates in Wanchai/Causeway Bay and Tsim Sha Tsui have significantly improved, dropping to 10.5% and 7.5% respectively, while Central's vacancy rate slightly increased by 0.5 percentage points to 11.5% [1] - The Grade A office market recorded a positive net absorption of 293,300 square feet in October, driven by tenants actively engaging in consolidation and upgrading activities in a favorable market environment [2] - Overall office rents remained relatively stable month-on-month, although there are divergent trends across different sub-markets [2]