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Hong Kong Office Leasing - Jul 2022
"Extremely low IPO volumes and ongoing border closure have slowed Mainland office demand."
Tagged Articles
"Extremely low IPO volumes and ongoing border closure have slowed Mainland office demand."
"The pandemic has transitioned into an endemic state, which has created a more optimistic environment for office recovery. At the same time, there are challenges ahead including the large supply of new offices in the pipeline. While a majority of offices appear to be doing well, a handful with bullish rents have high levels of vacancy. As such, recovery will need to be analysed at the property level, and not the submarket level."
"In HCMC, CBD office supply levels remain tightly held and rents are rising. With a landscape like this, new supply in Thu Thiem New Urban Area is seen as a welcome entry to the market and these offices are increasingly popular with occupiers"
"The Tokyo office market remains stable, although submarkets that have had large amounts of supply have shown signs of weakness during the pandemic. Market fundamentals are gradually improving, and this has alleviated some concerns over the supply wave in 2023. In general, quality offices at the right price remain sought after. While hybrid work styles have transformed some office needs, total office demand appears stable. "
"Hybrid working has proved an inevitable trend in offices. Firms internationally and locally are putting these processes and systems in place."
"Innovation, interaction, culture, collaboration, and productivity are the bedrock of the future office concepts. The form and function of office space are changing."
"Manchester office market roundup"
"Modest take-up in April, but under offers continue to rise"
"Under offers continue to pick up pace despite subdued levels of leasing activity"
"Birmingham office market roundup"