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Hong Kong Landlords Shift to Co-Working Amid Office Demand

3/1/2026

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Summary

Story summary

Hong Kong's office landlords are converting properties to co-working spaces and student housing to meet competition and demand for higher-quality offices.
Analysts expect 3.5 million sq ft of new premium office space in the next two years, after 4.5 million sq ft were added in 2024–2025.
Landlords offer rent concessions to retain tenants, risking cash flow, according to Jack Tong of Savills Hong Kong.

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Story summary

Hong Kong's office landlords are converting properties to co-working spaces and student housing to meet competition and demand for higher-quality offices.
Analysts expect 3.5 million sq ft of new premium office space in the next two years, after 4.5 million sq ft were added in 2024–2025.
Landlords offer rent concessions to retain tenants, risking cash flow, according to Jack Tong of Savills Hong Kong.