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Key themes for the Grade A office property market in 2021

New lettings by co-working operators on Hong Kong Island in 2017 Near term demand to remain subdued
Grade A office space occupied by co-working facilities Rental decline to extend into 2021, but rental drop will be less severe
Grade A & B office and industrial space occupied by co-working facilities Vacancy rates to continue rising against limited new supply
Grade A & B office and industrial space occupied by co-working facilities Rental values are forecast to drop 5-10% in 2021

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  • “The team have been hard-working, responsive and report in a way that is tailored to our needs. I would not hesitate to recommend JLL for office leasing services in Hong Kong” Caroline Court, Head of Real Estate, East Asia and Oceana, Ericsson

  • “The merger of two business' was complex, however thank you for coordinating our surrender concurrently with successfully securing a lease renewal for us at a below market-rental, despite the tight market conditions.”

  • “Very attentive and professional. Many thanks to the JLL team for their dedicated support.” Director, Asia Pacific Institutional, Top US-based Global Real Estate Manager

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  • Alex Barnes

    Alex Barnes  

    Executive Director & Head of Markets, Hong Kong

    Alex leads the Hong Kong Markets team providing strategic office leasing advice to JLL clients – multinational, local corporates and developers alike.

    Alex began his career in Australia, moving to JLL Hong Kong in 2005.

    During his time in Hong Kong, Alex has developed extensive experience within the Banking and Legal sectors and has negotiated some of Hong Kong’s highest profile transactions.

  • Honlia Mok

    Honlia Mok  

    Manager, Hong Kong Markets

    Honlia is a manager in the Hong Kong Markets team with over 2 years of commercial real estate experience.

    She handles a variety of leasing transactions, tenant representations and developer projects, and has built strong relationships with clients such as Manulife, Kennedys, QBE Insurance, Bradesco and Haitong Securities.

    Honlia's indepth insights on market activities help clients identify the best real estate solutions.

  • Ken Tang

    Ken Tang  

    Senior Director & Head of Kowloon Markets

    Ken is a Senior Director in the Hong Kong Markets Team. He provides advice to occupier clients to source optimal solutions for their real estate needs, including relocation strategies, rent reviews and lease renewal / restructure consultancy services.

    Ken has over 19 years’ experience in commercial real estate. He joined Jones Lang LaSalle in 2010 where he has specialized in Corporate Solutions up to the present day. Previous and ongoing clients include ABN AMRO, Adidas, AIG, Cigna, DBS Bank, Fossil, GlaxoSmithKline, Johnson & Johnson, JP Morgan Chase, Lenovo, MUFG, Nestle, Principal Trust, Samsung and WL Gore.

  • Glory Fock

    Glory Fock  

    Senior Manager, Kowloon Markets

    Glory is a Senior Manager in our Kowloon Commercial Markets team with over 8 years’ experience. She is responsible for leasing services, tenant representation and office project consultancy.

    In the Kowloon Commercial sales team, Glory has established strong relationships with strata title landlords and assisted tenants with the purchase of their own offices.

    Glory has worked with multinational corporations such as Nan Fung, Wang On Group and S.Oliver.

  • Nicole Chan

    Nicole Chan  

    Director, Kowloon Markets

    Nicole is a Director within the Markets Team and is responsible for providing professional consultancy services to both PRC and multinational companies with real estate requirements in Kowloon.

    Nicole joined Jones Lang LaSalle in 2012 and has worked with clients including AVIC Capital, Becton Dickinson, Chong Hing Bank, China Ping An, China Unicom, Continental Conair, FedEx Trade Networks, Tencent, Levi Strauss, Siemens, Wolverine, Sappi Trading, Macentro Technologies, VPower Holdings, etc.

    Nicole also has extensive experience in landlord representation projects, namely The Quayside, The Mark (Renamed as Sitoy Tower) and Goldin Financial Global Centre.

  • Daniel Billig

    Daniel Billig  

    Manager, Kowloon Markets

    Daniel is a Manager in the Kowloon Markets Team, offering professional advice to clients looking to navigate HK's competitive commercial real estate market.

    Daniel is responsible for advising and negotiating on behalf of both landlords and tenants as well as sharing his experience on both general and sole agency work. He uses his skills in strategy development and financial analysis to create unique opportunities for his clients.

    Daniel joined Jones Lang LaSalle in 2016, and has worked with multinational corporations such as Deutsche Bank, Revlon, WeWork, Johnson & Johnson, and John Lewis.