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Hong Kong Retains Title as Most Expensive Market in the World

Hong Kong Retains Title as Most Expensive Market in the World

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By Michael Gerrity | February 14, 2019 9:03 AM ET

According to Knight Frank's latest Global Outlook Report, Hong Kong will retain its title as the world's most expensive office market despite rents being forecast to decrease in 2019. In a tale of two halves, Hong Kong Island rents, while benefiting from tight supply, will face growing competition from areas such as Kowloon where rents are lower. Despite this, Hong Kong Island rents will remain well above the long-term average, by nearly 24%. 

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