Hong Kong Grade A office market report

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Posted on: 7 October 2011
By: mackene
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Filed under: News

RICS believes that the supply of the right type of office space is crucial to facilitate the sustainable development of Hong Kong as a world class city. This report, commissioned by RICS, begins with an overview of the supply and demand dynamics (both short-term and long term) in Hong Kong’s Grade A office market. This sets the scene for addressing the potential shortage of available office space in Hong Kong and the potential impact on businesses in Hong Kong and the sustainable development of Hong Kong as a world class city. The report also compares and contrasts office demand by districts/locations (CBD versus decentralised locations), including tenant profiling on key business district. This includes a discussion on the key success factors and the likely demand drivers for office space in these locations. The report also identifies global trends influencing specific types of industry demand and its impact on the nature of use of office space. It also reviews how other major cities have experienced and subsequently addressed acute shortages of supply of office. This includes a review on other global financial centres and their approach to developing new office locations.

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