Category: Uncategorized

Coworking is back in a big way—and nowhere is the rebound more striking than in Central Hong Kong. Once marked by cautious occupiers and rising vacancies, the district is now experiencing a dramatic revival thanks to a 500% surge in coworking space leases, largely driven by mainland Chinese firms expanding their footprint.  From flexible lease…… Continue reading Coworking Comeback: 500% Surge in Central Leases Fueled by Mainland Firms 

As office vacancy rates continue to rise across Hong Kong, Central and Kowloon East have emerged as the city’s most prominent hotspots for unoccupied commercial space. While this might seem like a challenge for traditional office landlords, it presents a golden opportunity for a new generation of workers and companies embracing more dynamic, agile environments…… Continue reading Vacancy Hotspots: Central and Kowloon East Lead with the City’s Highest Empty Space

Once the world’s most expensive office market, Hong Kong has seen a dramatic shift since 2019, with office rents in the Central Business District (CBD) and surrounding areas falling by nearly 40%. According to CBRE and JLL, the combination of geo-political shifts, pandemic disruptions, and hybrid work trends have reshaped the office landscape, offering unprecedented…… Continue reading Pricey No More? Hong Kong Office Costs Are Down 40% Since 2019 

Hong Kong’s famed skyscraper-packed skyline may soon have a rival across the border in its Northern Metropolis. Billed as Hong Kong’s “next engine of growth,” this massive development in the northern New Territories is poised to transform farmlands and new towns into a thriving commercial hub. Upon full development, the Northern Metropolis is expected to…… Continue reading Commercial real estate development prospects in the Northern Metropolis Zone: Hong Kong’s new frontier

In the fast-paced landscape of Hong Kong’s evolving business scene, Quarry Bay has emerged as a vibrant nucleus for tech innovation and digital entrepreneurship. Once known mainly for its commercial complexes and corporate offices, this Eastern District gem is now leading a new wave: coworking spaces in Quarry Bay have surged in popularity, reshaping how…… Continue reading The rise of coworking spaces in Quarry Bay and why this area has become Hong Kong’s new IT hub

Hong Kong’s retail landscape is witnessing a striking shift in leasing dynamics, particularly in one of its most famous districts: Causeway Bay. Once home to luxury stores and high-end brands, this vibrant area is now becoming increasingly populated by bubble tea chains, often at drastically reduced rents. The practice, which sees landlords leasing prime commercial…… Continue reading Causeway Bay’s “Retail Rot”: Landlords leasing luxury stores to bubble tea chains at 60% discounts.

In the heart of Hong Kong’s bustling commercial scene, a bold new concept is taking shape—Wan Chai’s “Hybrid Hostels”, where affordable daytime offices in Wan Chai transform into stylish pod-style hotels after hours. This innovative dual-use model offers a smart, sustainable, and cost-efficient solution for both businesses and travelers, pushing the boundaries of what modern…… Continue reading Wan Chai’s “Hybrid Hostels”: Where Daytime Offices Become Nighttime Pod Hotels

In the heart of Hong Kong’s Central Business District, Admiralty—once a hub of premium office towers and bustling corporate energy—is facing a new reality. Vacancy rates have soared to an astonishing 34%, prompting flexible workspace operators to take drastic measures. The solution? Subdividing entire office floors into smaller, coworking space units to remain financially viable…… Continue reading Admiralty’s Co-Working Crash: Flexible Workspace Operators Subdividing Floors to Survive 34% Vacancy Rates

Hong Kong’s iconic Central district, with its glittering skyscrapers and bustling streets, hides an open secret: pristine office floors sit eerily quiet, leased to entities that exist solely on paper. These “phantom tenants” — shell companies propped up by landlords — have become a workaround for property owners aiming to sidestep vacancy tax pressures. For…… Continue reading Navigating Hong Kong’s Hidden Office Realities: The Truth Behind Central’s Empty Towers 

Last Tuesday, I watched a startup founder named Clara have what she called a “Hong Kong moment.” Mid-pitch to investors over Zoom, her screen froze. Again. The aircon in her Kowloon cubicle farm wheezed like a dying accordion. “This city’s workspaces are gaslighting us,” she later groaned. “They demand Silicon Valley productivity but serve up…… Continue reading Hong Kong’s Coworking Spaces Are Quietly Fighting the Burnout Epidemic – Here’s How