1、REPORT2026 Hong Kong Real Estate Market Outlook CBRE RESEARCHJANUARY 2026Intelligent Investment2CBRE RESEARCH 2026 CBRE,INC.Intelligent Investment2026 Real Estate Market Outlook|HONG KONGUpdate header text Executive Summary3ContentsEconomy4Investment7Office10Retail13Industrial&Logistics163CBRE RESEA
2、RCH 2026 CBRE,INC.Intelligent Investment2026 Real Estate Market Outlook|HONG KONG2025 Demand improves in some sectorsHong Kongs commercial real estate market experienced mixed fortunes in 2025.While commercial real estate investment remained subdued,end-user demand for office buildings strengthened
3、in the second half of the year.The education sector was especially active,with companies and organisations in this sector completing several acquisitions for use as teaching floors and student dormitories.In the occupier market,office leasing was driven by global financial services firms expanding a
4、nd upgrading their premises in the Central CBD.Elsewhere,the continued revival of inbound tourism boosted demand for retail space in key shopping districts,pushing up rents.Industrial leasing was sluggish due to uncertainty in the global trade market.2026 Leasing and investment velocity poised to st
5、rengthen furtherHong Kongs improving financial market outlook is expected to drive steady demand for office space from financial firms in 2026.Central and the emerging office cluster in Tsim Sha Tsui West are likely to remain focal points.Stronger leasing activity will generate investment interest f
6、or office buildings in Central,with corporate end-users,especially those backed by mainland Chinese capital,set to be among those keen to buy.The ongoing demand-supply imbalance will attract opportunistic and institutional investors of hotel and commercial properties that can be converted into stude