Take-up of hong kong office spaces continues

Take-up of office space in Hong Kong stays strong, despite the city boasting the most expensive office rents in the world.

The vacancy rate in Hong Kong fell to 1.7 per cent in Q3 2015, according to Knight Frank, and even lower to 1.4 per cent in the Central CBD, which was close to the historic low of Q2 2008 when the vacancy rate was just 1 per cent.

"With tight supply and many offices under multiple offers, landlords have become more aggressive with their asking rents," warns Knight Frank. "If this trend continues, it could potentially lead to an increase in reverse premiums next year."