Grade A offices in Hong Kong are likely to lose leasing momentum in 2017 amid Beijing’s tighter grip on capital outflows as well as weaker demand from multinational companies, according to real estate consultancy CBRE.
While new supply of office space in the city is expected to reach the highest levels since 2008, with around 2.8 million sq ft on track to be completed this year, a slower economy will keep some buyers and corporate tenants away, said the consultancy.
“Cost saving…
Source : South China Morning Post
Read more…Hong Kong’s grade-A office market to lose leasing momentum in 2017, says CBRE
