{"id":121745,"date":"2021-08-31T11:01:10","date_gmt":"2021-08-31T04:01:10","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-vacancy-at-two-decade-highs-creates-optimal-window-for-companies-to-set-long-term-strategies\/"},"modified":"2021-08-31T12:05:18","modified_gmt":"2021-08-31T05:05:18","slug":"hong-kongs-office-vacancy-at-two-decade-highs-creates-optimal-window-for-companies-to-set-long-term-strategies","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-vacancy-at-two-decade-highs-creates-optimal-window-for-companies-to-set-long-term-strategies\/","title":{"rendered":"Hong Kong\u2019s office vacancy at two-decade highs creates optimal window for companies to set long-term strategies"},"content":{"rendered":"


\nHong Kong\u2019s current office market downturn, stretching over seven quarters from late 2019, is on par with the longest in history. The contraction in occupancy, however, is more severe this time at 3 million square feet (278,710 square metres), compared with the so-called \u201cnegative net absorption\u201d of 1.7 million square feet between 2001 and 2003. Coincidentally, both down cycles have seen Hong Kong suffer from a pandemic. The severe acute respiratory syndrome (Sars) outbreak 18 years ago was\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s office vacancy at two-decade highs creates optimal window for companies to set long-term strategies<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s current office market downturn, stretching over seven quarters from late 2019, is on...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-121745","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vFD","jetpack-related-posts":[{"id":117050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-market-is-hollowing-out-as-vacancy-rate-hits-10-year-high-who-can-save-the-landlords\/","url_meta":{"origin":121745,"position":0},"title":"Hong Kong\u2019s office market is hollowing out as vacancy rate hits 10-year high. Who can save the landlords?","date":"June 11, 2020","format":false,"excerpt":"\r Hong Kong\u2019s office landlords are facing the biggest crunch in a decade as rents slide and vacancy rates in the city\u2019s notoriously pricey market reached the highest level in a decade.About 1.1 million square feet (102,193 square metres) of space in Central business district would have been vacated by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-in-hong-kongs-storage-facilities-warehouses-and-logistics-real-estate-may-double-as-retailers-end-leases-slash-stock\/","url_meta":{"origin":121745,"position":1},"title":"Vacancy in Hong Kong\u2019s storage facilities, warehouses and logistics real estate may double as retailers end leases, slash stock","date":"September 16, 2020","format":false,"excerpt":"\r Vacancy among Hong Kong\u2019s warehouses, storage facilities and other logistics property is expected to double this year, as retailers hobbled by the city\u2019s worst recession in decades slash their inventory and give up their leases, according to a forecast by JLL.An estimated 102,000 square metres (1.098 million square feet)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172134,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-office-vacancy-rates-to-plateau-as-central-hits-43-month-low\/","url_meta":{"origin":121745,"position":2},"title":"Hong Kong office vacancy rates to plateau as Central hits 43-month low","date":"July 7, 2026","format":false,"excerpt":"\r Hong Kong\u2019s office property market is likely to see its empty spaces plateau at 14 per cent as vacancy rates in Central fell to more than a three-and-a-half-year low in June, according to JLL. The property consultancy said that although the overall vacancy rate for the office property sector\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127581,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-premium-office-vacancy-rate-hits-19-year-high-of-12-per-cent-as-more-companies-adopt-work-from-home-policies-to-counter-downturn\/","url_meta":{"origin":121745,"position":3},"title":"Hong Kong\u2019s premium office vacancy rate hits 19-year high of 12 per cent as more companies adopt work-from-home policies to counter downturn","date":"July 6, 2022","format":false,"excerpt":"\r The vacancy rate in Hong Kong\u2019s premium office market climbed to 12 per cent in June, the highest since the third quarter of 2003, as a rising number of companies adopt flexible work arrangements and cost saving measures to cope with the economic downturn.\r \r Source : South China\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106135,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vacancy-tax-is-a-short-term-solution-to-hong-kongs-long-term-housing-shortage-crisis\/","url_meta":{"origin":121745,"position":4},"title":"Vacancy tax is a short-term solution to Hong Kong\u2019s long-term housing shortage crisis","date":"April 16, 2019","format":false,"excerpt":"\r The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":165723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-central-prime-office-rents-are-up-for-the-first-time-in-over-3-years\/","url_meta":{"origin":121745,"position":5},"title":"Hong Kong\u2019s Central prime office rents are up for the first time in over 3 years","date":"November 25, 2025","format":false,"excerpt":"\r Prime office rents in Hong Kong\u2019s Central business district rose modestly in November \u2013 the first time in three and a half years \u2013 on the back of an overall improvement in vacancy rates, which helped buttress the negotiating stance of landlords, according to property consultancy JLL. Rents in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121745"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=121745"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/121745\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=121745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=121745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=121745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}