Hong Kong prime office vacancy hits 7-month low on Central spillover demand (opens original article in a new tab)

Hong Kong's prime office vacancy rate dropped to a seven-month low in May due to spillover demand from Central, with tenants moving to nearby areas like Wan Chai and Causeway Bay, while overall office leasing showed positive absorption.

• Hong Kong's prime office vacancy rate fell to a seven-month low in May
• Spillover demand from Central led tenants to Wan Chai and Causeway Bay, reducing vacancy there
• Overall office leasing market saw positive net absorption of 205,000 sq ft