JLL

Hong Kong’s office vacancy rates are expected to plateau at 14% as Central’s vacancy rate hit a 43-month low in June. JLL reported the overall vacancy rate fell to 13.1% in the first half, but an upcoming supply pipeline will likely push it back to 14%.

Siddharth Taparia, global chief marketing officer at JLL, emphasizes the importance of demonstrating marketing ROI through measurable business outcomes and effective partnerships with CFOs. He advises CMOs to prioritize metrics that directly impact business performance over vanity metrics like clicks and views.

Hong Kong’s prime office vacancy rate fell to a seven-month low in May, driven by spillover demand from Central, where premium offices were nearly full. Tenants shifted to neighboring areas like Wan Chai and Causeway Bay, reducing vacancy there to 9.8%, the lowest in 10 months.

Hong Kong’s prime office vacancy rate fell to a seven-month low in May, driven by spillover demand from Central. Tenants in Central, where premium offices are near full occupancy, shifted to neighboring areas like Wan Chai and Causeway Bay, reducing vacancy rates there to a 10-month low.

Gen Z is migrating from San Francisco to more affordable cities like Nashville and Orlando, driven by cost-of-living concerns and better work-life balance. These 'welcomer cities' are emerging as tech hubs with corporate job opportunities, as evidenced by migration data showing 5.2% net growth in such cities compared to 0.6% in traditional anchor cities like New York and the Bay Area.

Hong Kong developers have increased pricing for new homes in several districts by 7-36% compared to previous years, driven by robust demand. Prices for some new homes have rebounded by up to a third from the housing market's lowest level a few years ago, according to JLL data.

Hong Kong developers have increased new home prices by 7-36% in areas like Tseung Kwan O, Wong Chuk Hang, and Tai Wai compared to previous years, driven by robust demand. Prices for some new homes have rebounded by up to a third from the housing market's lowest level a few years ago, according to JLL data.

Chinese companies face difficulties securing office, logistics, and retail spaces abroad, leading some to delay global expansion due to failed property strategies, according to a JLL report. The report notes 82% of corporate respondents experienced higher-than-expected costs or prolonged delays in property searches.

Mainland Chinese non-food and beverage (fashion and beauty) retailers are driving Hong Kong's retail recovery, helping landlords fill vacancies. JLL reports over 20% of new retail market entrants in the first four months were mainland brands, signaling a shift in retail trends.

Hong Kong's retail recovery is being driven by mainland Chinese brands, with non-food and beverage sectors like fashion and beauty expanding their presence. This shift helps landlords fill vacancies in an unevenly recovering retail market, according to JLL.

JLL, a real estate services firm with a 243-year legacy, is embracing Artificial Intelligence to stay competitive. CEO Christian Ulbrich discussed the firm's AI strategy with Bloomberg's David Gura and Christina Ruffini on Bloomberg This Weekend.