Deutsche Bank hosted an investor luncheon with Savills' Senior Director & Head of Office Leasing, Ricky Lau, on HK's office market. Overall, Savills believes that landlords are still in a good position in 2016, and that Grade-A office rents are likely to continue the rising trend on the back of limited new supply, low vacancy and continuous demand.
Specifically, PRC firms now make up 40% of total leasing demand with demand particularly strong from city-level banks, securities firms and asset management companies. Savills believes rents in Central will surpass the last peak in 2011 to reach new highs by 3Q 2016.
25/11/2015 14:19
[I-bank focus]Rents in Central seen to surpass peak in 2011
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