Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Focus on ESG Objectives to Lead Hong Kong Market Trends


Stronger Demand for Green and Premium Space

  • Focus on ESG-related compliance expected to lead Hong Kong market trends for 2022
  • Tenants to favor premium and green office space luxury sector
  • Growing demand for automated warehouses, health centers, collaborative workspaces with enhanced virtual interactive tools

Global real estate services firm Cushman & Wakefield announced its Hong Kong Market Direction 2022 report today. Responding to real estate industry stakeholders' rethinking of strategies for 2022, the new report highlights six emerging factors expected to be key to the future direction of the commercial real estate market in Hong Kong in the Year of The Tiger. A renewed focus on ESG-related compliance is identified as the leading trend for the year, with elevated climate-related risk requirements for fund managers now in play. Additional trends determined for the year center on an anticipated revival for premium office properties, developer land acquisitions around the Northern Metropolis initiative, greater automation in the logistics industry, new expansion in the health and wellness sector, and growing demand for enhanced virtual communications and collaborative workspaces.

“The Year of the Tiger is set to bring about a significant transformation in Hong Kong’s commercial real estate market. The emergence of a fifth wave of COVID-19, together with continued strict border controls, has seen investors and corporations looking to adopt new strategies to manage the new normal in commercial real estate business operations. In response, Cushman & Wakefield has worked to identify the key trends we see emerging in the Hong Kong market in 2022. Firstly, we forecast that ESG objectives and greener real estate practices will be more influential than ever, especially as we have already witnessed government-backed SFC regulations to actively engage fund managers to implement climate risks. And, linked to the focus on ESG, multinational firms will be further incentivized to seek green and wellness-certified office buildings, with premium properties then likely to spearhead the gradual office sector recovery,” commented John Siu, Managing Director, Hong Kong, Cushman and Wakefield.

“We also expect developers and investors to actively look for land development opportunities, particularly under the auspices of the Northern Metropolis initiative. In the industrial sector, we see accelerated automation, with greater numbers of logistics companies progressively utilizing robotics and automation in their day-to-day operations. In retail, rising awareness in Hong Kong of health and wellness factors, and greater interest in healthier lifestyles, will spur expansion in gyms, fitness centers and related businesses, sometimes operating with 24/7 service models. Finally, in the light of continued social distancing and workforce preferences, we expect occupiers to upgrade virtual interaction tools, feeding demand for enhanced virtual communications and collaborative workspaces,” added Keith Chan, Head of Research, Hong Kong, Cushman and Wakefield.

Click here to download the Hong Kong Market Direction 2022 report.


About Cushman & Wakefield 
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms in the world, with approximately 50,000 employees in over 400 offices and 60 countries. In Greater China, a network of 22 offices serves local markets across the region, earning recognition and winning multiple awards for industry-leading performance. In 2021, the firm had revenue of $9.4 billion across core services including valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. To learn more, visit or follow @CushWake on Twitter. 

Related News

Under Our Umbrellas: Little Artists, Big Story
Under Our Umbrellas: Little Artists, Big Story

For some time, food assistance has been the priority for most of our charity campaigns, with donated goods usually coming in the forms of instant noodles, rice packages, and condiments... During a crisis, these goods prove to be the best options to solve an immediate need. But life goes on after a crisis. 


Catch 22 (image)
Asia Pacific Economy Forecast to Return to World-Leading Growth in 2022, Maintaining into 2023

The Asia Pacific economy is set to rebound in 2022 and regain top position in the second half of the year with an expected 4.5% real average annual GDP, according to Cushman & Wakefield’s latest report titled Catch ’22 - Asia Pacific Commercial Real Estate Outlook 2022.

Mandy Qian • 08/12/2021

China's 14th Five-Year Plan (image)
Cushman & Wakefield launch its THINK-IN report 2021- China’s 14th Five-Year Plan - What’s Next For Real Estate?

Cushman & Wakefield, a leading global real estate services firm, today released its THINK-IN report 2021 - China’s 14th Five-Year Plan - What’s Next For Real Estate.

Mandy Qian • 21/10/2021

Finance Sector (image)
The Finance Sector – Reforms and fintech to propel sector demand for leased office space in China

Cushman & Wakefield released its report titled The Finance Sector – Reforms and fintech to propel sector demand for leased office space in China.

Mandy Qian • 15/10/2021

Euromoney award (image)
Cushman & Wakefield Again Named Top Real Estate Advisor and Consultant Globally and in China by Euromoney

In the 2021 survey the firm was awarded a clean sweep of wins in China, Asia Pacific, and worldwide, in the four categories of Overall Agency, Valuation, Letting / Sales, and Research.

Mandy Qian • 16/09/2021

data center
Hong Kong's data center stands firmly in the market

Ranks the third most attractive data center location in APAC, Land supply increase through HSITP in the Lok Ma Chau Loop advisable


Outlook 2021 Retail
China Retail Supply/ Demand 2021 - Retail dynamism drives the market

Cushman & Wakefield, a leading global real estate services firm, recently released its report China Retail Supply/Demand 2021.


Nick Seaton and Dawn Koo
Cushman & Wakefield Promotes Two Senior Leaders in its Global Occupier Services Business in Asia Pacific

Nick Seaton and Dawn Koo’s promotions reinforce the growth of the firm’s integrated portfolio management services.


Manufacturing Risk Index (image)
China Strengthens Position as Most Attractive Manufacturing Hub

China has strengthened its leading position as the most attractive manufacturing hub globally, according to Cushman & Wakefield’s 2021 Global Manufacturing Risk Index.

Mandy Qian • 18/08/2021

investment card
CRE investment activity back on the rise. Half-year transaction volume increased by 97% y-o-y

Industrial buildings and development sites being sought after - Hotels show potentials of long-term appreciation.


With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All