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Central Hong Kong office market’s recovery is uneven among submarkets: DBS

Gerine Tang Yi Qian
Gerine Tang Yi Qian • 5 min read
Central Hong Kong office market’s recovery is uneven among submarkets: DBS
Hong Kong offices rebound as rents climb and vacancies drop on renewed financial demand. Photo: Bloomberg
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After years of falling rents and rising vacancies, Central — Hong Kong’s core business district — is showing signs of stabilisation. The rebound is being driven by renewed capital markets activities and fresh demand from financial institutions, according to a March 19 report by DBS Group Research.

Office rents in Central have risen by more than 5% since 4Q2025, while vacancy rates have steadily declined to 9.9% as of February — the lowest level in two years.

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