Hong Kong commercial landlords may bet on investment to curb tenant loss from AI: analysts

AI Summary

Analysts suggest that landlords of older office buildings in Hong Kong could face tenant losses as AI adoption prompts firms to move to newer, AI-compatible commercial spaces. Landlords may need to refurbish or repurpose properties to remain competitive in the evolving market.

Hong Kong’s older office assets and their struggling landlords could face more challenges as the wider adoption of artificial intelligence (AI) by firms in the city leads companies to relocate to newer buildings that better support their requirements, according to real estate consultancy Knight Frank. AI is poised to usher in more changes in Hong Kong’s commercial office space, and landlords may have to act fast to either refurbish their assets or convert them for new uses, said Lee Elliott,...