Beijing Real Estate News
Beijing
Hong Kong's Office Market Still Impacted by Coronavirus Fears as Rents Slip in January
According to JLL's latest Hong Kong Property Market Monitor released today, the decline of office rents has slowly abated in January 2021, with net effective rents in the overall market dipping by 0.6%.
Global Commercial Property Investment Fell 26 Percent in 2020
Global property consultant CBRE is reporting that worldwide commercial real estate investment increased by 84% quarter-over-quarter in Q4 to $290 billion but was down by 20% from Q4 2019.
Hong Kong's Central Office Vacancy Rate Hits 16 Year High in 2020
According to JLL's latest Hong Kong Property Market Monitor report, Grade A office vacancies rate for Hong Kong's Central Market rose to 7.3% in December 2020, surpassing 7% for the first time since 2004.
Driven by Coronavirus, Macau Commercial Rents Bottomed Out in 2020
According to JLL in its Macau Year-end Property Review 2020, Macau's overall property market experienced a relatively moderate contraction in 2020, thanks to its success in having Covid-19 under control locally.
