Retail in Asia

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HK leads rebound in global office markets

Thanks to ample liquidity and a helping hand from mainland Chinese financial institutions, Hong Kong’s office market has recovered from the global financial crisis better than other main financial centres around the world, says property consultancy CB Richard Ellis (CBRE).

CBRE has released the results of a study that examined the impact of the crisis on office markets in four international financial centres: Hong Kong, New York, London and Tokyo. The study tracked key differences in the unrolling effects of the crisis and the trends that emerged as markets began recovering. According to the study, both Hong Kong and mainland Chinese investors continued to be lured into the market, as a result of historically low interest rates, excess liquidity and the tight supply of new office space.

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