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Hong Kong Office Market Surges: 2025 Sees Major Recovery

1/5/2026

25 5 Full Breakdown

Summary

Story summary

Hong Kong's office market recovered in 2025, with CBRE reporting 2.1 million sq ft of net absorption—the highest since 2018—and Central leading in Q4.
Kathy Chan of Morningstar says a revived IPO market boosted leasing activity, with 2025 totals surpassing 2019 and 2024.
Analysts expect the recovery to continue into 2026, while rents are not expected to rise in six months due to high supply delaying a sustained recovery.

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Story summary

Hong Kong's office market recovered in 2025, with CBRE reporting 2.1 million sq ft of net absorption—the highest since 2018—and Central leading in Q4.
Kathy Chan of Morningstar says a revived IPO market boosted leasing activity, with 2025 totals surpassing 2019 and 2024.
Analysts expect the recovery to continue into 2026, while rents are not expected to rise in six months due to high supply delaying a sustained recovery.