Hong Kong

There are still a large number of dilapidated industrial buildings in the Comprehensive Development Area.

Landlords are likely to bear the brunt of having more vacant spaces yet again.

Primary sales slumped 28.6% to 1,081 units.

Wan Chai had the highest vacancy rate of 11.8%

Restaurants with over 20,000 sq ft of space could be at risk 

Blame it on the resumption of social distancing measures. 

Kowloon East still had the highest vacancy rate at 12.4%.

The average self storage occupancy of over 80% is one of the highest in Asia. 

Prices could grow 3-5%, but not until the second half of the year.

These are for transactions above HK$20 million.

Debts reached HK$1,720 billion in November 2021.

But only if no major outbreak pulls back leasing demand yet again.

Total net absorption was -162,000 sq ft in Q4 2021.

But this is just less than half of the peak seen in 2017.

Rents rose by 3.9% in 2021.

There are only three projects slated for completion this year.