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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

 

 

Co-working operators remain the major source of office demand/hong-kong/en-gb/news/724/co-working-operators-major-source-office-demandCo-working operators remain the major source of office demandProperty investors shift their focus towards offices in non-core districts 0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Three Office Floors at Office Tower of Convention Plaza Up for Tender/hong-kong/en-gb/news/720/convention-plaza-tender-dec-2018Three Office Floors at Office Tower of Convention Plaza Up for Tender<p style="text-align:justify;"><strong>HONG KONG, 26 December 2018</strong> – JLL has been appointed by the receivers of property as the sole agent for the public tender sale of three office floors at Convention Plaza in Wanchai. The tender will close at 12:00 noon on 30<sup>th</sup> January 2019 (Wednesday).</p><p style="text-align:justify;"> </p><p style="text-align:justify;">The property put up for tender encompasses three whole office floors on 21/F, ,22/F and 23/F of Office Tower at Convention Plaza, providing a total gross floor area of approximately 49,554 square feet with each spanning a gross floor area of approximately 16,518 square feet. It is to be sold on an "as-is" basis, partially with tenancies and partially vacant possession.</p><p style="text-align:justify;"> </p><p style="text-align:justify;">Located at 1 Harbour Road, Wanchai, the Office Tower of Convention Plaza is in close proximity to a number of major landmarks in the city, including the Hong Kong Convention and Exhibition Centre, Grand Hyatt Hong Kong, Renaissance Harbour View Hotel Hong Kong and Central Plaza. With convenient covered footbridge connections, the property is also a stone's throw away from the Wanchai MTR station and Wanchai bus terminal, offering excellent transport accessibility.</p><p style="text-align:justify;"> </p><p><strong>Cynthia Li, Senior Director of Capital Markets at JLL</strong>, said: "With the arrival of the Central-Wan Chai Bypass and Island Eastern Corridor Link in the first half of next year, Wan Chai North's transport connections will be exceptional. It will support the office leasing market in Wanchai and the investment potential of office properties will be benefited as a result. Interest parties could submit bid for one, two or three office floors or any combination thereof in the tender. We expect the property will attract investors and end-users to join the bidding."<br></p>0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88
Grade A office market records a net withdrawal of 58,700 sq ft /hong-kong/en-gb/news/719/grade-a-office-property-market-monitor-dec-2018Grade A office market records a net withdrawal of 58,700 sq ft Market slowdown weighs on office rents0x0100E81015D9D08198458B498FF948D658F90052B0972AFC77B94093C478C1B5B47C88

 

 

City Momentum Index 2019/asia-pacific/en-gb/research/992/city-momentum-index-2019City Momentum Index 2019JLL’s latest City Momentum Index covers 131 major established and emerging markets and identifies cities that have the strongest short-term economic and real estate market momentum. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong Property Market Monitor - January 2019/hong-kong/en-gb/research/402/2019-property-market-monitor-hkg-jan-2019Hong Kong Property Market Monitor - January 2019Same-day visitor arrivals have surged since the opening of new cross-border transport links to Hong Kong. Download our latest snapshot of the Hong Kong office, residential, retail and industrial property markets. 0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045
Hong Kong Economic Monitor - January 2019/hong-kong/en-gb/research/401/economic-monitor-2019-01Hong Kong Economic Monitor - January 2019With the anticipation of economic slowdown in Hong Kong, the capital value of the city’s Grade A offices is likely to fall, in tandem with the transaction volume in commercial real estate.0x01010063443623C9F9004FA21AA8EABD6132C80096456DD4F4AF204EB9DD2C24B361B045