Hong Kong office expansion lags hiring push as tenants optimise current space: Colliers

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A Colliers survey finds that more than a third of Hong Kong office tenants expect to increase headcounts over the next year, while only one fifth anticipate expanding their office footprint. Many companies plan to accommodate growth by using existing space more efficiently.

More than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space...