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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.


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=""></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="">​</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=""></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=""></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="" target="_blank"></a></p><p> <strong>Adrian Tang </strong> <br>Head of Kowloon Markets <br>+852 2926 3704 <br><a href="" target="_blank"></a></p><div> <br>  </div>0x0100F03D47272AC15342926F7D713E448F1B00EB1C487C9E90A2419F545A2750B08453

Related news and research



Wanchai/Causeway Bay’s office market continues to shine/hong-kong/en-gb/news/706/property-market-monitor-oct-2018Wanchai/Causeway Bay’s office market continues to shineLeading overall market in terms of rental growth for three consecutive months0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Grade A Office Rents Continue Upward Trend/hong-kong/en-gb/news/698/grade-a-office-rents-upGrade A Office Rents Continue Upward Trend<p style="text-align:justify;"> <strong>HONG KONG, September 26, 2018</strong> – Grade A office rents advanced by 0.7% m-o-m in August, with Wanchai/Causeway Bay posting the strongest growth on the back of robust demand, up 1.0% m-o-m, according to the latest <a href="">Property Market Monitor</a> released by JLL.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">In Central, rents in Grade A1 offices grew by 1.6% m-o-m, underpinned by a tight vacancy environment, while overall, rents in Central grew by 0.9% m-o-m. Rents were able to climb higher despite new lettings in Central registering a m-o-m drop of 51%. Still, finance-related firms remained active and sought to expand in the traditional CBD. In one of the most notable transactions, BitMEX, a cryptocurrency trading platform, reportedly leased the whole of the 45th floor at Cheung Kong Center for a monthly rent of HK$225 p.s.f., setting a new record high for the building.</p><p style="text-align:justify;"> <br></p><p style="text-align:justify;">In Wong Chuk Hang, the completion of South Island Place saw the addition of a further 307,200 sq. ft. of Grade A office space being added to the market in August. However, the realisation of pre-commitments in the building was offset by returning space in Kowloon East, resulting in a net take-up amounting to a mere 28,300 sq. ft. in the overall market for the month. With about 452,000 sq. ft. to be vacated upon lease expiry in Kowloon East over the next 12 months, it is likely that net take-up in the overall market will continue to be weighed down over the short term.</p><p> <img src="/hong-kong/en-gb/PublishingImages/Lists/News/AllItems/AP-HK-RES-HKPMMS_2018_ENG_Sep2-2018-Image.jpg" alt="AP-HK-RES-HKPMMS_2018_ENG_Sep2-2018-Image.jpg" style="margin:5px;width:100%;" /><br></p> <p style="text-align:justify;"> <br> </p><p style="text-align:justify;"> <strong>Alex Barnes, Head of Markets at JLL,</strong> said: "Despite an escalating US-China trade dispute, the market remains robust due to supply and demand fundamentals. While Grade A office rents moved higher in most submarkets during the month, the wave of new office supply coupled with elevated levels of vacancy in Kowloon East are expected to dampen growth in the district in the months to come. Nonetheless, the rise in supply in Kowloon East should will likely provide an opportunity for tenants seeking to decentralise."</p><p style="text-align:justify;"> </p><p style="text-align:justify;"> <strong>Denis Ma, Head of Research at JLL</strong>, added: "The government's recent housing initiatives and the escalating trade hostilities between the US and China contributed to home sales sliding 21% m-o-m in August and to and five-month low. Still, the primary sales market continues to hold up well as developers adopt less aggressive pricing strategies, which is drawing buyers to the market."</p><p style="text-align:justify;"> <br></p><p style="text-align:justify;"> </p><table cellspacing="0" width="100%" class="ms-rteTable-default"><tbody><tr><td class="ms-rteTable-default" style="width:14.2857%;"> <strong>Grade A Office Vacancy Rates</strong></td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td><td class="ms-rteTable-default" style="width:14.2857%;">​</td></tr><tr><td class="ms-rteTable-default"> <strong>Period</strong></td><td class="ms-rteTable-default"> <strong>Overall</strong></td><td class="ms-rteTable-default"> <strong>Central</strong></td><td class="ms-rteTable-default"><p style="text-align:justify;"> <strong>Wanchai /</strong></p><p style="text-align:justify;"> <strong>Causeway Bay</strong></p></td><td class="ms-rteTable-default"> <strong>Hong Kong East</strong></td><td class="ms-rteTable-default"> <strong>Tsimshatsui</strong></td><td class="ms-rteTable-default"> <strong>Kowloon East</strong></td></tr><tr><td class="ms-rteTable-default"> <strong>End-Aug 18</strong></td><td class="ms-rteTable-default">4.2%</td><td class="ms-rteTable-default">1.5%</td><td class="ms-rteTable-default">1.6%</td><td class="ms-rteTable-default">1.6%</td><td class="ms-rteTable-default">1.4%</td><td class="ms-rteTable-default">9.9%</td></tr><tr><td class="ms-rteTable-default"> <strong>End-July 18</strong></td><td class="ms-rteTable-default">3.9%</td><td class="ms-rteTable-default">1.5%</td><td class="ms-rteTable-default">1.6%</td><td class="ms-rteTable-default">1.4%</td><td class="ms-rteTable-default">1.5%</td><td class="ms-rteTable-default">9.6%</td></tr></tbody></table><p style="text-align:justify;"> <strong><em>Source: Research, JLL</em></strong></p><p style="text-align:justify;"> </p><p style="text-align:justify;"> </p><p style="text-align:center;">– ends –<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
JLL announces office relocation for further expansion/hong-kong/en-gb/news/697/jll-hk-new-office-one-taikoo-placeJLL announces office relocation for further expansion<p style="text-align:justify;"><strong>HONG KONG, </strong><strong>September 20</strong><strong>, 2018</strong> – JLL is pleased to announce that it is ramping up its presence in Hong Kong with a new office at One Taikoo Place in the first quarter of 2019, a new Grade A office tower on Island East that will allow for further expansion as the company continues to grow.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Being the first international real estate consultancy relocating from the traditional business district to the up-and-coming business district of Quarry Bay, JLL will take up two floors with a total floor area of close to 35,000 square feet at One Taikoo Place, consolidating its two offices out of Three Pacific Place and Tesbury Centre in Wanchai. The relocation and expansion is a response to the company's rapid business growth in the city in recent years, and helps accommodate the projected growth planned for the company moving ahead.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The new building and its high specifications throughout will provide increased office space and state-of-the-art facilities while at the same time offering a nicer working environment for the staff, which is complete with multiple amenities and space for relaxation in the surroundings.</p><p style="text-align:justify;"> </p><p style="text-align:justify;"><strong>Joseph Tsang, Managing Director at JLL in Hong Kong</strong>, says: "Our continued expansion and investment in Hong Kong is proof positive of the growth opportunities the city has to offer. This also speaks eloquently of our commitment to becoming the top consultancy in the real estate industry locally and beyond. As we expand further our customer base, enhance our product and service portfolio and grow our business, a larger space overall is much needed to support our growth."</p><p style="text-align:justify;"> </p><p style="text-align:justify;">"We are excited about our future and look forward to going with the decentralisation trend to move to Quarry Bay, a new hip business district in Hong Kong that can potentially become the second CBD after Central."</p><p style="text-align:justify;"> </p><p style="text-align:center;">- ends -<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88



Logistics: Beyond warehousing/asia-pacific/en-gb/research/979/logistics-beyond-warehousingLogistics: Beyond warehousingWhy industrial and logistics are the next big thing in Asia Pacific.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong Property Market Monitor - November 2018/hong-kong/en-gb/research/389/2018-property-market-monitor-hkg-nov-2018Hong Kong Property Market Monitor - November 2018Housing prices in Hong Kong slip for the second straight month in October. Read our summary of the latest market indicators and trends for the Hong Kong office, residential, retail and industrial property markets. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Asia Pacific Property Digest - 3Q 2018/asia-pacific/en-gb/research/977/asia-pacific-property-digest-3q-2018Asia Pacific Property Digest - 3Q 2018Fighting the headwinds - Domestic demand steady despite trade war uncertainty0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045