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Hong Kong MarketBeat Reports

Rosanna Tang • 14/04/2026
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.  

Q1 2026 Highlights

Office: Grade A office market sentiment remained positive in Q1 on the back of demand from the banking & finance and insurance sectors.

Retail: Overall retail sales again expanded through January and February 2026.

Logistics: Prime warehouse leasing was sluggish in Q1 amid geopolitical tensions in the Middle East.

Capital Markets: Real estate investment activity was again positive in Q1 with the support of lower financing costs and attractive pricing.

Learn more by clicking our most recent Hong Kong MarketBeat reports below.

CURRENT MARKETBEATS

Office Buildings CBD
Hong Kong Office MarketBeat

Sentiment in the Grade A office market remained positive in Q1 on the back of sustained demand from the banking & finance and insurance sectors. Net absorption reached 217,100 sq ft to mark the 10th consecutive positive quarter. The overall availability rate edged down to 20.0%. Greater Central and Tsimshatsui district rents continued to pick up, supporting the overall Grade A rental level to climb 2.4% q-o-q.

Click here to download the report

Shopping Retail
Hong Kong Retail MarketBeat

Overall retail sales again expanded through January and February, supported by stronger visitor arrivals and local consumption, with key categories returning to robust y-o-y growth. Core district overall vacancy dropped further to 4.2%, with Causeway Bay and Central recording zero vacancy. Core high street rents moved in a range of -1.1% to +1.1% q-o-q.

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Warehouse Internal Rack
Hong Kong Logistics MarketBeat

Prime warehouse leasing was sluggish in Q1 amid geopolitical tensions in the Middle East. Regardless, growing online retail sales saw the e-commerce sector emerge as a demand driver, including a 59,200 sq ft commitment by HKTVexpress at Goodman Interlink. The overall prime warehouse vacancy rate moved up to 11.8%. Prime warehouse rents fell back 1.6% q-o-q to the lowest level since Q1 2021.

Click here to download the report

Office Buildings CBD
Hong Kong Capital Markets MarketBeat

Real estate investment activity was again positive in Q1 with the support of lower financing costs and attractive pricing. Local end-user and long-term investment buyers predominated, with quarterly non-residential deal volume at >HK$100 million reaching HK$13.7 billion. The office sector took a 51% share of total investment volume, followed by the hotel / rental housing sector at 33%. Mixed-use, retail, and other asset deals rounded out the quarter.

Click here to download the report

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