According to Jones Lang LaSalle's "Hong Kong Property Market Monitor" report, the overall Grade A office leasing market in Hong Kong recorded a positive net absorption of 537,000 square feet in December last year, marking the ninth consecutive month of positive absorption.

Jones Lang LaSalle's Managing Director for Hong Kong, Macau, and Taiwan, Alex Barnes, stated that this trend reflects a gradual recovery in Hong Kong's office leasing market.

Leasing activity remained stable last month, and leasing inquiries in January also stayed active.

Premium office spaces in Central are particularly sought after by the market, with some buildings nearly fully leased; Jones Lang LaSalle anticipates that some leasing demand will shift to other high-quality offices in the district during the second half of this year.

Nelson Wong, Senior Director of Research at Jones Lang LaSalle, indicated that by the end of December last year, the overall office vacancy rate slightly increased to 14.1%, reflecting that there is still a substantial amount of available space in the market.

Vacancy rates in Central, Tsim Sha Tsui, and Eastern Hong Kong Island all saw a marginal month-on-month increase of 0.1 percentage point.

For the full year of 2025, the vacancy rates in Central and Tsim Sha Tsui narrowed by 0.6 and 1.7 percentage points year-on-year, respectively.

Overall rents increased by 0.4% month-on-month in December, continuing the upward trend that began in November.

Rents in Central saw a slight month-on-month increase of 0.6%, while Wan Chai/Causeway Bay recorded a modest rebound of 0.4%.