Office occupiers in Hong Kong are keeping a tight grip on real estate decisions as business sentiment softens, with more than half planning to retain their current office footprint and fewer than one in five considering expansion, according to a new survey by Colliers.
The survey polled more than 400 office tenants between March and May 2025, offering insights into their business outlook, real estate plans and shifting workplace priorities.
Colliers found that 55 percent of respondents plan to maintain their current office footprint, while 27 percent intend to downsize and 18 percent are considering expansion.
Among those looking to reduce space, 81 percent cited cost optimization as the primary driver, followed by weaker business demand at 60 percent. In contrast, business growth in Hong Kong accounted for 68 percent of expansion plans, while 51 percent pointed to a lack of sufficient space.
Sectors like technology, media and telecommunications and insurance are showing strong expansion intent, reflecting underlying confidence and resilience, said Fiona Ngan, head of occupier services at Colliers.
STAFF REPORTER
