Central Jiaxia rented 103 last month, 0.2%

Jones Lang LaSalle’s “Hong Kong Property Market Watch” published yesterday pointed out that due to the reduction in leasing demand of Chinese-funded enterprises and the continued trend of tenants moving away from the core area, the Grade A office market in Central recorded a negative absorption of 14.5 million square meters in April. Volume, and recorded negative absorption for six consecutive months from November last year.

Bao Yali, head of the commercial department of Jones Lang LaSalle, said that as the vacancy rate remained at a low of 2.2%, rents in April continued to rise by 0.2% to an average of $103 per party.