Hong Kong’s latest office landmark nearly full as segment upturn simmers

South China Morning PostCenter-RightEN 2 min read 100% complete by Cheryl ArcibalJanuary 16, 2026 at 01:30 PM

AI Summary

short article 2 min

Hong Kong's newest landmark office tower, The Henderson, has reached 90% occupancy just a year and a half after opening, signaling a potential upturn in the city's struggling office property market. Located in Central, the 36-story building has attracted tenants like Christie's, Point72, and other firms in finance, law, and luxury goods. While overall vacancy rates in Hong Kong increased to 17.5% last year, net take-up of office space reached its highest level since 2018. Although Grade A office rents are still down significantly from their 2019 peak, the rate of decline slowed in the second half of last year and into this year, suggesting a gradual recovery despite new office supply.

Key Entities & Roles

Key Player Opposition Context

Nishimura & Asahi 40% Akin Gump Strauss Hauer & Feld 40% Aeonea 40% Cohen & Steers 40% Coller Capital 50% Christie's 50% Point72 50% General Atlantic 50% Central 60% Henderson Land ×270% The Henderson 80% Hong Kong ×590%

Keywords

office property 100% hong kong 90% office occupancy 80% vacancy rates 70% office rents 70% commercial development 60% net take-up 60% central-admiralty 50% kowloon west 40%

Sentiment Analysis

Positive

Score: 0.30

Source Transparency

Source

South China Morning Post

Political Lean

Center-Right (0.50)

Far LeftCenterFar Right

Classification Confidence

90%

Geographic Perspective

Hong Kong

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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office property hong kong office occupancy vacancy rates office rents commercial development net take-up central-admiralty kowloon west

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