Office Vacancies Increase in Hong Kong, Reflecting Global Trend
Allwork
AUGUST 28, 2023
In July, Hong Kong’s Grade A office market experienced a notable increase in office vacancy rates as tenants returned 224,600 square feet more space than they acquired, according to JLL’s Hong Kong Property Market Monitor report. This movement factored into a slight uptick in the city’s overall office vacancy rates, which increased from 12.6 percent in June to 12.8 percent overall in July.
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