In June, the new leased area of Jiaxia was reduced by 63% month-on-month.
Jones Lang LaSalle’s latest “Hong Kong Real Estate Market Watch" report pointed out that the poor economic prospects dragged down the expansion of enterprises, and the new rented area of Grade A office buildings decreased by 63% in June. The report also pointed out that due to the uncertain prospects of leasing demand, some owners lowered the asking price of rent to speed up the renting of tenants. As a result of the tenants’ vacated floors in the core area, the overall office rents fell by 0.3%.
The new Grade A office building in Kowloon East continues to attract tenants in Tsim Sha Tsui to move in. The tenants hope that the rent will be lower and the floor will be used for business expansion to lease new offices. Deng Siqin expects that the office rent gap between Tsim Sha Tsui and Kowloon’s non-core areas will continue.
The demand for financial technology industry is large
In addition, the Central office market recently recorded leasing transactions, opening new offices for Hong Kong’s rented office buildings for new economic enterprises or for expansion, especially for new economic enterprises with financial technology and shared workplaces. Ma Anping, head of the research department of Jones Lang LaSalle, pointed out that the appreciation of the cryptocurrency and the issuance of a virtual banking license by the Hong Kong Monetary Authority have increased the rental demand for financial technology in the past few months. Although there is still little demand from this industry, there is room for growth in the future. Big.