The demand for large supply is small.

The long-term supply of office buildings in Central has been renewed and changed. Recently, the supply of the same district has not increased and the supply has not increased. The demand is large and the supply is small. The rent is inevitably further upward.

Central District rent has risen 4.5% this year

According to the statistics of DTZ Debenham Tie Leung, the overall rent of Central City in the second quarter of 2018 was 137 yuan, compared with the peak of the last two commercial buildings, which was 124.7 yuan in 2008 (before the financial tsunami) and 2011 (the European debt crisis). The former) is 124.6 yuan, which is about 10% higher. This year’s commercial building rent in the Central District of the commercial building has risen by 4.5%, and is expected to increase by 8 to 10% for the whole year.

The rents of commercial buildings in Central are the best in the world. The reason is that the demand is large and the supply is small. In the past two years, Chinese capital has come to Hong Kong to rent, and the preferred commercial buildings in the Central District have pushed up the rent. The above-mentioned rent of $137 is only at the level of the overall commercial building in Central. If it is based on the Central District Super Grade A commercial building (including the National Gold Phase 2, the Exchange Square and the Yangtze River Centre, etc.), the current rent is more than 180 yuan, and the individual quality households are more than 200. yuan.

On the supply side, Central has been almost zero-new supply for several consecutive years. The redevelopment of the Hutchison Building this year and the 75% ownership of the Central Centre have changed hands and the original supply has also decreased. Because the former is demolished, tenants must move out and look for new offices in the same district or other areas. In the latter case, some new buyers hope to sell the floor in the form of a cross-country sale to attract users to the market, and many former tenants have moved out. The two properties were originally reduced in rent. Under the continuation of demand and supply, the rental growth in Central has not stopped.