Hong Kong's commercial property market expected to improve in 2026, with rents on leading high streets expected to rise 5 to 7 percent this year, CBRE said in its Hong Kong 2025 market outlook on Tuesday
Hong Kong's retail leasing market maintained active momentum in 2025, led by a rebound in tourism and vibrant food and beverage demand. Decentralized retail rents are expected to remain in the fall, by low-mid single-digit levels, said Lawrence Wan-keung, senior director and head of retail leasing at CBRE Hong Kong.
Hong Kong's office market has weathered a wave of new supply over the past few years, with Grade A office completions pushing vacancy to 17.3 percent and rents easing by 2.9 percent in 2025. Leasing momentum is expected to improve in 2026, supported by financial market vibrancy and selective acquisitions and leasing by mainland enterprises. However, vacancy will be expected to improve from 2025 and rents will decline within a 3 percent range for 2026, giving tenants greater leverage, said Ada Fung Wai-si, chief operating officer and advisory services at CBRE Hong Kong.
Cynthia ZHONG
