Top Tips: Finding property in East Kowloon
Finance teams evaluating their leases are finding larger, grade A office spaces in east Hong Kong, as well as deals in certain Central buildings, says Gavin Morgan, COO and head of leasing at Jones Lang Lasalle.
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There are a few main drivers of activity in the Hong Kong commercial leasing market. Costs have led to pent-up demand in Hong Kong for larger and more efficient floor plans. Corporate leasers are looking to cut down on multiple sites and consolidate to save costs. So, when it comes to larger spaces, the market is driven by CFOs looking to save costs.
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