While the financial sector continues to drive Grade A office leasing demand, the education sector also records expansion activity in August.
23 September 2026
Insight
23 September 2026
Hong Kong Monthly Market Dynamics – September 2026
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In August, overall Grade A office vacancy rates improved modestly, declining 0.3 ppts m-o-m to 12.5%. Hong Kong East was the exception, with vacancy rates rising 1.1 ppts. Meanwhile, vacancy rates in both Tsimshatsui and Kowloon East improved modestly by falling 0.3 ppts. Read our latest monthly market dynamics of the Hong Kong office, residential and retail property markets.
- Residential: The primary market gained some momentum following new project launches, while secondary market remained subdued as buyers adopt a wait-and-see stance.
- Retail: Leasing activity in Mongkok strengthens in August, reflected in notable absorption of vacant space.
- Industrial: Renewal activity dominated the leasing market amid modest expansion demand, while Northern Metropolis logisitics initiatives supported the long-term industrial supply pipeline.