Hong Kong commercial property
market recorded 558 leasing deals in March, hitting a two-year record
high, according to data from a local property agency.
The March number is 22.6 percent and 40.6 percent higher than February and same period last year, respectively.
The transactions involve an area of 1.78 million square feet, up 55 percent month-on-month and 40 year-on-year.
Major deals recorded last month involve Citic Securities’ (6030) offshore platform CLSA renting a 16,700-sq-ft lower floor of One Pacific Place in Admiralty’ for about HK$1.34 million.
The overall vacancy rate of Grade A
buildings on Hong Kong Island dropped by 0.07 percentage points to 13.9
percent from last month, while the rate in Kowloon recorded a decrease
of 0.28 percentage point to 15.7 percent.
(The Standard)
For more information of Office for Lease at Pacific Place please visit: Office for Lease at Pacific Place
For more information of Grade A Office for Lease in Admiralty please visit: Grade A Office for Lease in Admiralty
Hong Kong’s largest flex-office provider seeks deals with vacant-office landlords
Partnering with International Workplace Group ‘makes a lot of sense to tap into growing demand for hybrid working’, CEO says
The trend of
companies offering flexible working arrangements to retain their top
talent, far from a pandemic-era fad, is now a permanent fixture of the
office property market, according to International Workplace Group
(IWG).
In addition,
global economic uncertainty was shaping office-space demand, driving
companies away from being tied to traditional office leases, said Marc
Descrozaille, CEO for Middle East, Africa and Asia-Pacific with the
Switzerland-headquartered flex-desk service provider.
Descrozaille
credited these trends with boosting system-wide revenue for the group by
2 per cent to a record US$4.2 billion in 2024. Operating profit grew
185 per cent to US$510 million.
IWG, which
operates brands such as Regus, Signature and Spaces, has more than 4,000
locations across 120 countries, and expanded by a record 899 last year,
with 115 of them in Asia-Pacific. With 21 centres in Hong Kong, the
group is the city’s largest flexible office provider.
“Offices aren’t
going anywhere, but their role is changing,” Descrozaille said.
“Headquarters, for example, are becoming more like creative hubs –
places designed specifically for collaboration and connection, with
purpose-built spaces and activities.”
“Hybrid work is
definitely here to stay and is the future. Flexibility isn’t just a perk
any more, it’s essential. Companies will increasingly focus on giving
their teams the power to choose where and how they work to keep
productivity high.”
Clients for IWG’s
spaces in Hong Kong spanned from large multinational corporations to
individuals in creative sectors, Descrozaille said.
He added that this demand should encourage landlords and asset managers with empty offices to partner with the group.
“Over the coming
years, this growth will continue to accelerate as more and more
long-term leases come up for renewal,” he said. “For landlords in Hong
Kong, the Greater Bay Area, mainland China and Asia-Pacific with vacant
properties, partnering with International Workplace Group makes a lot of
sense to tap into this growing demand for hybrid working.”
IWG and Hysan
Development, the largest commercial landlord in Hong Kong’s Causeway
Bay, formed a joint venture in 2021, which acquired IWG’s existing
locations and brands across the bay area.
“The Hong Kong
office property segment is undergoing transformation, driven by changing
workplace needs and market dynamics,” Descrozaille said. “Up until the
pandemic, Hong Kong’s office market had been predominantly traditional.
The pandemic has revealed the benefits of a distributed workforce and
the advantages of hybrid work arrangements, prompting companies to
rethink traditional office spaces.”
Remote or flexible
working schemes are among the top factors that Hong Kong professionals
consider when looking for job opportunities, according to a study
released on Wednesday by Robert Walters.
“Companies that
foster flexibility, psychological safety and a well-being-focused
workplace gain a competitive edge in employee engagement and retention,”
the study said.
Vacancy rates for
office space vary around the world, but the average rate increased by 10
basis points to 16.8 per cent in the fourth quarter of 2024, according
to a property agency.
In Hong Kong, grade A vacancy rates in March increased to 13.7 per cent from 13.3 per cent in February, the agency said.
The city has a
glut of commercial space that may take between seven and 15 years to
digest, according to experts. The city has 15 million sq ft of excess
office space, more than all the current space in the main business
district.
Furthermore,
despite the recent gains in the benchmark Hang Seng Index, which is up
by 12 per cent so far this year, the office leasing market “has seen
limited benefits”, according to another property agency.
“Of the 68
companies that listed on the [Hong Kong stock exchange] in 2024, only 14
of them, or 20 per cent, established physical offices in Hong Kong,”
The agency said in a report released last month. “The majority opted for
cost-efficient alternatives such as serviced offices or maintained
mainland China-based operations, reflecting a disconnect between capital
market activities and physical office demand.”
“Hybrid or
flexible working arrangements do not necessarily mean downsizing of
office demand,” an agent said. “The current challenge for the occupier
market is mainly due to economic uncertainty.”
The escalating
trade war between the US and mainland China has prompted the
International Monetary Fund to cut its global growth forecast this year
to 2.8 per cent from its 3.3 per cent estimate in January. Likewise, the
higher tariffs initiated by US President Donald Trump are also likely
to lower global expansion to 3 per cent in 2026, the multilateral lender
said, lower than the previous 3.3 per cent forecast.
(South China Morning Post)
本港代理行：上月錄558宗商廈租賃
隨着金融及教育行業擴展步伐加快，商廈租賃穩升。有本港代理行統計顯示，3月商廈錄558宗租賃，涉樓面約177.9萬方呎，較2月455宗及115萬方呎分別上升約22.64%及54.78%，按年增約40.55%及40.01%。九龍空置率改善顯著，港島整體則持平。該行預期，隨着全球經濟環境未明朗，個別企業轉買為租策略，租金叫價有所下調，相信4月份寫字樓租賃平穩向上。
創兩年內單月新高
該行代理表示，3月份商廈市場錄約558宗租賃，按月增約22.64%，按年升約40.55%，涉面積約177.9萬方呎，較2月的115萬方呎增約54.78%，與2024年3月127.1萬方呎相比則升約40%。
月內見大型機構重組租用樓面，當中金融機構中信里昂證券以約133.6萬租太古廣場一座低層全層，涉面積約16700方呎，平均呎租約80元。
中信里昂證券為太古廣場長期租客，自2000年起進駐，目前租用太古廣場一座17至19樓全層，以及低層部分單位，是次擴充樓面，反映對前景看好。
3月份港島區整體空置率13.86%，按月降0.07個百分點，部分核心區重新釋放供應，空置率稍回升，金鐘空置率錄8.54%，按月微升0.21個百分點，按年減少0.76個百分點；中環區錄14.61%，按月升0.34個百分點，按年升2.5個百分點。
中信里昂證券擴充樓面
九龍區整體空置率不俗，3月整體空置率錄15.66%，按月降0.28個百分點，較去年同期仍增1.7個百分點。
尖沙咀錄8.04%，按月降0.22個百分點，按年大降1.62個百分點。九龍灣有顯著跌幅，錄23.58%，按月減0.68個百分點，按年仍有1.38個百分點增幅。
(星島日報)
更多太古廣場寫字樓出租樓盤資訊請參閱：太古廣場寫字樓出租
更多金鐘區甲級寫字樓出租樓盤資訊請參閱：金鐘區甲級寫字樓出租
中環德己立街全幢商廈7448萬沽 投資者承接 料回報逾4厘
近期投資氣氛漸升溫，有業主沽貨鎖定利潤，中環德己立街一幢商廈，長情業主持貨逾半世紀，近年成為遺產貨，以7448萬易手，平均呎價16581元，買家為投資者，料回報逾4厘。
中環德己立街26號全幢，物業屬迷你商廈，佔地面積僅738方呎，早於今年1月以1.2億放售，最終減價4552萬，幅度38%，成功以7448萬易手，以總樓面約4492方呎計算，平均呎價16581元，樓高6層，包括地下商舖、閣樓儲物室及1樓至5樓寫字樓用途，位處蘭桂坊與德己立街交界，部分交吉、部分連約，若然悉數租出，料月租約25萬，新買家料回報逾4厘。
佔地面積738方呎
物業屬市場罕有的999年批約物業，原業主早於1966年籌備發展該廈，並於1970年落成，持貨逾半世紀，直至去年成為遺產貨，並於今年初推出放售，今番沽貨獲利可觀。該物業位處單邊，外牆具廣告潛力，1至5樓寫字樓樓底高約9呎5吋，適合創意工作室、商業空間。物業鄰近多個商業地標，包括置地廣場、大館及中央廣場。
今年2月，中環皇后大道中152號皇后大道中心全幢商廈成交，呎價1.34萬，上述的迷你全幢商廈呎價較高。業內人士指，由於物業涉及銀碼細，兼具重建價值，故呎價較高。
上述物業座落於中環皇后大道中152號，樓高28層，去年8月份推出招標放售，市場估值約14億，今年2月以10.8億沽出，較8月份估值低3.2億或21%，買家為東南亞背景財團。
持貨半世紀獲利可觀
該廈配備雙邊門面設計，分別面向皇后大道中及威靈頓街，每層平均面積由2531至3733方呎，總面積約80876方呎，呎價約13353元。該廈地下至15樓可作銀行、商舖、餐飲或零售用途，17樓至30樓則為寫字樓用途，大廈3樓設有空中花園及平台活動區，29至30樓則為頂層特色樓。
(星島日報)
更多皇后大道中心寫字樓出租樓盤資訊請參閱：皇后大道中心寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
東南亞資金撈底 主攻全幢物業
外資代理行代理 看好教育相關物業
環球局勢有隱憂，有外資代理行代理分析，即使外圍尚有不明朗因素，市場資金仍充裕，特別東南亞資金，有興趣於香港「撈底」，當中以全幢物業，以及可作教育產業相關的商廈及舖位，具投資價值。
據該行統計，每年首季投資市場通常比其他季度稍為淡靜。去年12月中旬後降息停滯，投資者正等待利率決策的進一步明朗化。第一季度總交易額為63億元，按季下降36%，按年則上升11%。買賣種類上，酒店交易額超過28億元，佔總交易額的45%。寫字樓和商舖交易量在上一季度相對較高的基礎上出現按季下降。
投資成本高 投資者審慎
該代理指出，投資物業市場，最受股市氣氛及息口影響，而較早前股市因美國新一輪關稅戰而曾經波動，難免令投資者較為審慎，「最敏感是息口，如果預期減息步伐加快，便會入市；相反若貿易戰拖慢減息步伐，又會令投資者再觀望。」該代理提到，現時1個月拆息約3.7厘，投資成本逾5%，換言之，物業回報率便要相應提高，令交投更難出現。
即使投資者對後市仍有少許觀望，該代理強調市場資金仍非常充裕，「既有基金集資，亦有東南亞財團擁充裕資金，這些財團可能是當地一些老牌家族，或家族辦公室等。」投資方向方面，該代理指東南亞財團因應歐美市場或較弱，主力投資亞洲，選擇以澳洲、日本、新加坡及香港作比較。在幾個市場上，香港具投資價值，正因價格已有調整，「新加坡樓價上升後，回報率已降至很低，當地亦甚少物業可供選擇。日本低息回報較好，但過去3年獲多路財團追捧下，物業價格已明顯上升。相比之下，香港的商用物業，近年跌幅甚大。」
從今年首季錄得成交上，的確發現東南亞資金入市，並主攻全幢物業，如中環皇后大道中152號皇后大道中心全幢較新式商廈，以約10.8億元成交，按物業面積約80,876平方呎計，呎價近1.3萬元，較叫價低兩成，買家為東南亞財團。此外，新世界
(00017) 先後沽出新蒲崗兩項工廈，包括六合街21號工廈Artisan Lab、以及同地段9號Artisan
Hub，兩物業料涉近10億元，買家為菲律賓財團。
該代理指出，很多東南亞資金充裕，借貸比率相對較低，可以現金完成買賣，在銀行現時批按揭審慎下，便有優勢完成買賣，「這些資金對香港有信心，認為日後物業市場會復甦，現便來港撈底。」
凍倉數據中心 投資熱度降
另外，該代理看好教育相關物業，同樣受資金追捧，全因政策帶動，「香港放寬院校的內地生限額，將令大量內地生來港升學，因此教育行業多了學生，便一定會擴充校舍。」事實上，都會大學、城大去年尾已入市買紅磡、尖沙咀物業，而今年英基亦購入北角港運大廈寫字樓。另外，大角咀國際學校Stamford American School，近期亦租用大角咀9.5萬平方呎舖位，「由於很多內地人提早安排子女來港讀書，故可作教育行業使用的商廈、基座舖位等，亦值得看好。」
至於相對較為睇淡的物業，該代理認為工廈類別包括凍倉、數據中心等，投資熱度已不及往年，加上貿易戰下，工廈包括物流行業，生意料受衝擊，故投資者對工廈興趣一般。另外，分層甲廈今年錄數宗買賣，該代理認為主要屬用家入市，「首季錄得商廈正吸納情況，可是供應過剩，租金仍受壓，難吸引收租客入市。」
(經濟日報)
更多皇后大道中心寫字樓出租樓盤資訊請參閱：皇后大道中心寫字樓出租
更多中環區甲級寫字樓出租樓盤資訊請參閱：中環區甲級寫字樓出租
更多港運大廈寫字樓出售樓盤資訊請參閱：港運大廈寫字樓出售
更多北角區甲級寫字樓出售樓盤資訊請參閱：北角區甲級寫字樓出售
