Hong Kong's Central Grade-A Office Rents Up 1.3% in January

According to JLL's latest Hong Kong Monthly Market Monitor, despite office leasing activity slowing around the lunar New Year holidays, the Grade-A office market still recorded a number of notable transactions in January 2017. Activity was mainly underpinned by consolidation and relocation requirements, with net take-up amounting to 54,300 sq. ft for the month. In one of the more notable transactions, Alibaba leased about 92,000 sq. ft at Times Square in Causeway Bay to house its media arm, the South China Morning Post.

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