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Hong Kong MarketBeat Reports

Rosanna Tang • 07/07/2026
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.  

Q2 2026 Highlights

Office: The Grade A office market extended its leasing activity positive momentum in Q2.

Retail: Overall retail sales continued to expand through January to May.

Logistics: Market performance was mixed in Q2 with trade dynamics and supply chains skewing growth direction.

Capital Markets: Real estate investment activity remained buoyed by stable interest rates and attractive pricing levels through Q2.

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

CURRENT MARKETBEATS

Office Buildings CBD
Hong Kong Office MarketBeat

The Grade A office market extended its positive momentum in Q2 with leasing activities underpinned by the banking & finance and insurance sectors. Citywide net absorption reached 396,100 sq ft, led by Greater Central and Greater Tsimshatsui. The overall availability rate stood at 19.5%. Rents in Greater Central continued to trend up q-o-q, supporting the overall Grade A rental level to climb 4.3% for the 1H 2026 period.
 

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Shopping Retail
Hong Kong Retail MarketBeat

Overall retail sales continued to expand through January to May, benefiting from inbound visitor numbers and stronger economic fundamentals, with growth in all key retail categories. Overall core retail vacancy ticked up to 5.4% in Q2, chiefly from tenant movements in Kowloon, but Causeway Bay and Central again recorded zero vacancy. Core high street rents moved in a range of -1.1% to +1.0% q-o-q.

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Warehouse Internal Rack
Hong Kong Logistics MarketBeat

Market performance was mixed in Q2 with trade dynamics and supply chains skewing growth towards high-value and air cargo-driven trade, with demand concentrated in the most modern facilities. Prime warehouse rents weakened 3.5% q-o-q to the lowest level since Q1 2014. The greater affordability helped stimulate leasing momentum, particularly from 3PL operators. In turn, the overall prime warehouse vacancy rate fell to 11.2%.
 

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Office Buildings CBD
Hong Kong Capital Markets MarketBeat

Real estate investment activity remained buoyed by stable interest rates and attractive pricing levels through Q2. Local buyers dominated, with quarterly non-residential deal volume at >HK$100 million reaching HK$9.8 billion. The office sector took a 59% share of total investment volume, supported by end-user and education sector demand. Residential site, retail, hotel/rental housing, and industrial sector asset deals completed the quarter.

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