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Submarket 2H2025 Rental Change* 2025 Rental Change* 2026 Rental Forecast
Central ▲0.5% ▼1.0% ▲0-5%
Overall ▼0.5% ▼3.0% ▼0-5%

*Preliminary
Sector 2025 Rental Change* 2026 Rental Forecast
High Street shops ▼7.7% ▼0-5%
Prime shopping centres ▼9.1% ▼5-10%

*Preliminary
Sector 2025 Rental Change* 2026 Rental Forecast 2025 Capital Value Change* 2026 Capital Value Forecast
Prime warehouse ▼7.2% ▼5-10% ▼10.3% ▼5-10%

*Preliminary
Sector 2025 Capital Value Change 2026 Capital Value Forecast
Overall Grade A offices ▼6.9% ▼0-5%
High Street shops ▼17.1% ▼5-10%

*Preliminary
Sector 2025 Capital Value Change 2026 Capital Value Forecast
Mass Residential ▲1.4%# ▲~5%
Luxury Residential ▼4.0% Flat

*Preliminary; #As of end-November 2025
(From left) Joseph Lam, head of industrial; Sam Gourlay, head of Office Leasing Advisory; Jeannette Chan,  senior director, retail; Joseph Tsang, Chairman; Oscar Chan, head of capital markets; Alkan Au, head of value (From left) Joseph Lam, head of industrial; Sam Gourlay, head of Office Leasing Advisory; Jeannette Chan, senior director, retail; Joseph Tsang, Chairman; Oscar Chan, head of capital markets; Alkan Au, head of value