Cash-rich education institutions reshaping Hong Kong’s prime office market
Hong Kong’s education sector, an emerging industry with full backing of the government, is starting to have an impact on the city’s prime office market as traditional tenants in finance continue to downsize their real estate footprint, according to analysts. Office tenants in the city occupied a total of 73.4 million sq ft this year, according to the latest study by CBRE. That was 1.1 million sq ft more than they had occupied in 2022, the last time a similar study was done by the...