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Office Leasing

A strategic leasing approach enhancing returns on your office assets in Hong Kong

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Office leasing strategies that enhance returns on your property investments, while forging long-term tenant relationships.

Earning successful returns on leased office property means more than filling space. It begins with a firm grasp of the kind of space tenants want and how much they are willing to pay for it, and is backed up by marketing and leasing strategies that attract target tenants at the best and most sustainable terms.

Whether you are an investor, a developer or a public entity, we tailor our solutions to your needs. Our team's solid marketing experience internationally, regionally and locally removes the stress of managing your office leasing portfolio and ensures that you can focus on financial growth and identifying new opportunities.

We have extensive knowledge and expertise on marketing and leasing Grade A office properties, whether they are newly built office projects in Central or refurbished buildings in Kowloon East. Our team structure and culture offers you expertise from 45 proactive advisors who work collaboratively to secure the best deals for you. With an average of more than eight years' experience per advisor, we are the most experienced office leasing team in Hong Kong.​ 


Can China continue to drive growth in Hong Kong's property market?

Paul Yien, Regional Director, Markets discusses the demand for office space from mainland corporates and how government policy can support PRC companies entering Hong Kong.

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Case studies

 

 

Citibank Plaza/hong-kong/en-gb/case-studies/26/citibank-plaza-case-studyCitibank Plaza<p>​</p><div><p> <span class="ms-rteThemeForeColor-2-0"> <strong>Our Client’s Situation</strong></span></p><p>Citibank Plaza offers the largest Grade A office floor plates in Central. In October 2014, JLL was appointed as the property’s Sole Lead Leasing Agent as part of the rebranding of its 1.2 million sf portfolio, to lease space made vacant by the departure of a number of anchor tenants. This was the largest agency appointment in Central since 2003.​</p></div><p> <strong>Our Partnership</strong></p><p>Our mandate from Eagle Asset Management was to advance the property’s positioning as a prestigious commercial address and attract top-calibre tenants. </p><p>We created long-term tenant acquisition and retention strategies, and made recommendations on renovations which would make Citibank Plaza more appealing to target tenants. We also revamped Citibank Plaza’s brand and position, produced new marketing collaterals and helped establish a new social media presence for the building. </p><p> <strong>Results</strong></p><p>JLL achieved huge success: leasing activity at Citibank Plaza was the most active of all office buildings in Central in 2015.  JLL concluded more than 132,000 sf of transactions within 7 months, accounting for over 70% of all new lettings.  Vacancy in the building dropped to approximately 5% by May 2015, its lowest rate since October 2009.  Furthermore, JLL’s expert advice enabled the Landlord to grow rents by approximately 25% in 7 months, exceeding the market.​</p><p>For further information on Office Leasing Services, please contact:​ </p><p></p><p><strong>Paul Yien </strong> <br>Head of Landlord Representation <br>+852 2846 5144 <br> <a target="_blank" href="mailto:%20paul.yien@ap.jll.com">paul.yien@ap.jll.com</a></p><div> <span class="Apple-tab-span" style="white-space:pre;"> </span></div><p><strong>Adrian Tang </strong><br>Head of Kowloon Markets <br>+852 2926 3704 <br><a target="_blank" href="mailto:%20Adrian.Tang@ap.jll.com">adrian.tang@ap.jll.com​</a></p><p> <br> </p>0x0100F03D47272AC15342926F7D713E448F1B00EB1C487C9E90A2419F545A2750B08453

 

 

Hysan Place/hong-kong/en-gb/case-studies/27/hysan-place-case-studyHysan Place<p></p><p> <strong>Our Client’s Situation</strong></p><p>Hysan Development constructed Hysan Place, a flagship 38-storey Grade A office development, in 2012.  It was the first Grade A office building completed in Causeway Bay in 15 years and has provided approximately 240,000 sf of premium office space to the market. </p><p> <strong>Our Partnership</strong></p><p>During the challenging market conditions of 2012, JLL was appointed as the Sole Leasing Agent for Hysan Place.  </p><p>We advised Hysan Development on the latest market trends and activities to ensure the building had a competitive advantage in the market.  Furthermore, we developed a series of high-level marketing campaigns to raise the profile of the landlord’s Causeway Bay office portfolio and target high-profile prospective tenants from Central. </p><p> <strong>Results</strong></p><p>JLL succeeded in securing the largest anchor tenants in the building, two of them from Central. In the duration of the appointment, our team grew rents in the building by approximately 28% and secured the first multi-floor tenant pre-commitment 11 months before completion.</p><p>We also successfully raised the perception of the Landlord’s 2.3 million sf office portfolio in Causeway Bay through the marketing of this project.​</p><br> <p>For further information on Office Leasing Services, please contact:​</p><p> <strong>Paul Yien </strong> <br>Head of Landlord Representation <br>+852 2846 5144 <br> <a target="_blank" href="mailto:%20paul.yien@ap.jll.com">paul.yien@ap.jll.com</a></p><div> <span class="Apple-tab-span" style="white-space:pre;"> </span></div><p> <strong>Adrian Tang  </strong> <br>Head of Kowloon Markets <br>+852 2926 3704 <br><a target="_blank" href="mailto:%20Adrian.Tang@ap.jll.com">adrian.tang@ap.jll.com</a></p><div> <br> </div>0x0100F03D47272AC15342926F7D713E448F1B00EB1C487C9E90A2419F545A2750B08453

 

 

Three Pacific Place/hong-kong/en-gb/case-studies/28/three-pacific-place-case-studyThree Pacific Place<p>​</p><p> <strong>Our Client’s Situation</strong></p><p>In 2003, against a backdrop of a faltering regional economy, a lack of demand for new office space and competition from other comparable locations, Swire Properties presented JLL with the challenge of marketing and leasing Three Pacific Place, a 530,000 sf Grade A office building providing 34 floors of lettable space.   </p><p>Swire Properties needed advice on not only on how to reduce vacancy in the new project, but also on how to develop leasing strategies to ensure maximum rental growth as the building neared completion.  </p><p> <strong>Our Partnership</strong></p><p>As its established and proven real estate partner over many years, Swire Properties appointed JLL as the Lead Leasing Agent for Three Pacific Place.</p><p>Working collaboratively with Swire Properties’ to meet its business objectives, we positioned the project as part of the Pacific Place extension and as a gateway to Central / Admiralty. We were able to leverage existing relationships with tenants locally, regionally and globally to promote the building whilst carrying out a well-orchestrated local marketing campaign utilising the wealth of tenant information in our well maintained database system. </p><p> <strong>Results</strong></p><p>As a result of JLL’s recommended leasing strategy, the building achieved an occupancy level of approximately 86% during our appointment. The campaign saw rents steadily grow in support of the landlord’s ambitions.​</p> <br><p>For further information on Office Leasing Services, please contact:​ </p><p> <strong>Paul Yien </strong> <br>Head of Landlord Representation <br>+852 2846 5144 <br> <a href="mailto:%20paul.yien@ap.jll.com" target="_blank">paul.yien@ap.jll.com</a></p><p> <strong>Adrian Tang </strong> <br>Head of Kowloon Markets <br>+852 2926 3704 <br><a href="mailto:%20Adrian.Tang@ap.jll.com" target="_blank">adrian.tang@ap.jll.com</a></p><div> <br>  </div>0x0100F03D47272AC15342926F7D713E448F1B00EB1C487C9E90A2419F545A2750B08453

Related news and research

 

 

Hong Kong's Central office space ranked as the world's most expensive for the second consecutive year/hong-kong/en-gb/news/632/hong-kong-s-central-office-space-ranked-as-the-world-s-most-expensive-for-the-second-consecutive-yearHong Kong's Central office space ranked as the world's most expensive for the second consecutive yearThe city has the world's steepest rental discounts in non-core business districts0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
New Lettings in Central surge 47% in September/hong-kong/en-gb/news/622/new-lettings-in-central-surge-47-in-septemberNew Lettings in Central surge 47% in SeptemberStrong demand from the banking and finance sector0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
New lettings in Central fall 75% in July/hong-kong/en-gb/news/609/new-lettings-in-central-fall-75-in-julyNew lettings in Central fall 75% in JulyPRC financial firms account for 91% of all new lettings in Central0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

Hong Kong Property Market Monitor - November 2017/hong-kong/en-gb/research/329/2017-property-market-monitor-hkg-november-2017Hong Kong Property Market Monitor - November 2017Investment volumes gather momentum as market sentiment brightens 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Bridging the Housing Gap: Is co-living an affordable alternative for millennials?/hong-kong/en-gb/research/328/co-living-research-paper-nov-2017Bridging the Housing Gap: Is co-living an affordable alternative for millennials?Co-living is an affordable housing option, providing an alternative for those locked out of Hong Kong’s residential market by high rentals.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
The Office Index 3Q 2017/asia-pacific/en-gb/research/924/the-office-index-3q-2017The Office Index 3Q 2017Asia Pacific office markets continue to perform well0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045