Non-core business district rent is set off

Colliers International’s survey shows that Hong Kong’s core business district is still the preferred choice for setting up offices in financial, professional services and technology, and that Chinese companies are constantly looking for office space in Central to drive upward rents in the core area. The core area due to increased supply, rents have downward pressure.

Colliers International visited 174 industry representatives, the survey results show that business prospects for business, 44% of respondents expect the next three years to expand the business, said the contract will only shrink the scale of 3%, said the staff will be interviewed Also up to 38%. Seventy percent of respondents believe that site and rental costs are the primary consideration when expanding.

Hong Kong Island office and then up 3%

Colliers International Research Director Shi Feng said that the trend away from the core area is not as serious as imagined, only 20% of the respondents actively preparing for the relocation, 30% still said will not be considered. In addition, the enterprises from the core area will continue to rise in the core area and the surrounding rents, even if the relocation will be preferred, and the rent will increase by about 3% during the year.

On the contrary, the new supply of Kowloon East office increased, rents have downward pressure, the bank is expected this year, Kowloon City office rents fell 2%. Gao Li commercial property services director Yan Hui Ping added, especially the East Kowloon subordinate or more than 10 years of office space, will face greater competition.

In addition, the bank pointed out that “Activity-based work strategy” (Activity-BasedWorking)