Hong Kong premium office vacancy drops to 8.8% in Central district

Hong Kong's premium office market is showing signs of recovery, with vacancy rates in the Central district hitting a three-year low of 8.8% in 1H 2026. The rebound is driven by a resurgence in IPO activity and capital inflows from mainland China, though the recovery remains highly bifurcated as non-premium segments continue to struggle with oversupply.