CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Hong Kong MarketBeat Reports

Rosanna Tang • 08/01/2025
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.  

Q4 2024 Highlights

Office: Grade A office net absorption achieved a fifth consecutive positive quarter in Q4.

Retail: Consumption trends among residents and tourists continued to shape retail sales in Q4.

Logistics: Leasing activity slowed in Q4, with the 3PL sector remaining cautious.

Capital Markets: Overall investment market sentiment was cautious in Q4 with with en-bloc and portfolio transactions prevalent.

Learn more by clicking our most recent Hong Kong MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Hong Kong Office MarketBeat

The banking & finance sector supported leasing momentum through Q4 to bring full-year 2024 Grade A office net absorption to 1.1 million sq ft, with flight-to-quality activity most prevalent. With new supply remaining paused, overall Grade A availability edged down again to 19.1%. The overall Grade A office rental level softened a further 1.9% q-o-q.
 

Click here to download the report

Shopping Retail
Hong Kong Retail MarketBeat

The current consumption habits of local residents and tourists continued to shape key category retail sales in Q4, with just the medicines & cosmetics sector registering growth. However, Chinese mainland brands, together with international and local operators, maintained leasing momentum at prime locations. High street rents in key retail districts trended up in the range of 0.6% to 1.3% q-o-q.
 

Click here to download the report

Warehouse Internal Rack
Hong Kong Logistics MarketBeat

Leasing activity generally slowed in Q4 with the 3PL sector remaining cautious. Renewal activities dominated, although consumer goods firm RB & Manon concluded a sizeable new lease. The overall prime warehouse vacancy rate stabilized at 7.6%. Prime warehouse rents softened 1.3% q-o-q. New supply will remain scarce in the short- to mid-term.
 

Click here to download the report

Office Buildings CBD
Hong Kong Capital Markets MarketBeat

Overall investment sentiment remained cautious in Q4, with en-bloc and portfolio transactions mostly driving activity amid falling asset prices. Quarterly non-residential deal volume at >HK$100 million reached HK$10.1 billion, up 12.8% q-o-q. The office sector took 56% of investment volume, chiefly driven by big-ticket acquisitions. Retail, hotel and rental housing, and industrial asset deals concluded the quarter.
 

Click here to download the report

RELATED INSIGHTS

AdobeStock_763331723.jpeg
Article • Technology

The Era of High-Performance Computing: How Are Data Centers Evolving?

The data centre sector remains in strong growth mode with robust cloud demand and the rise of AI.
John Pritchard • 20/01/2025
Camera lens
Research • Economy

APAC Macro Outlook

Gain insights with the APAC Macro Outlook 2024 report: Economic trends, sector performance, and opportunities in the dynamic Asia Pacific region.
Dominic Brown • 30/07/2024
US-Macro-outlook-2024-webcard.jpg
Research • Economy

U.S. Macro Outlook

Get an overview of the current state of the office, industrial, retail, multifamily, capital markets and alternatives sectors along with a close look at the U.S. economy.
Rebecca Rockey • 11/06/2024

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS