Hong Kong Market Sentiment Improves as Local Banks Follow U.S. Fed Interest Rate Cut
Office availability rate drops while high street retail rents continue to recover The Hong Kong Grade A office market witnessed positive net absorption for the fourth consecutive quarter in Q3 2024 to reach 324,100 sq ft, bringing the overall availability rate down to 19.3%. Core retail district high street rents recorded low single-digit growth q-o-q as leasing momentum gained pace, with banking...
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