Has HK stopped building offices?

[East_coast]

This is an awful comparison though.

- 1st place is 40 years apart and much more spacious.
- 2nd place is also around 40 years apart, with the oil money seriously rolling in after that, and unlimited space.
- 3rd place the after photo is not even real imo.

Meanwhile the HK comparison is only 13 years apart, angled at an already seriously crowded island with no open space.

I did look for Kwun Tong is touted as CBD2 before and after photos . Seems just a handful of new somewhat short for HK office towers in the last 20 years.

https://s.yimg.com/ny/api/res/1.2/Px...f-3f6a36731f09

3rd photo is Seaport in Boston. Quite a lot of new office space added enmasse.

[JAherbert]

to much vacant office space, 7 years worth they say

[East_coast]

to much vacant office space, 7 years worth they say

That should drive office rents lower.

[moctapxe]

Those Family Home Office demand should keep the rent high. Few years later, these buildings can be turned into hotels / hostels or converted into residential unit.

[MABinPengChau]

Build more offices for what?

We have absolute record office vacancy all over Central and beyond. There's no jobs, plenty of empty space with no one renting.

https://www.thestandard.com.hk/marke...cent-CBRE-says

Yep, we are moving to work-from-home, with small serviced office. The young 'uns prefer this mode, saves big-time money so, whatever. No point in bucking the trend. Not hard to find REALLY competitive prices on serviced office space, people traveling and staying in a hotel can pop in there, use the services, they have conference room for any bigger group. Since covid, we're meeting with clients virtually.

I am more of a "work in the office" person but I do get that most people are not so...whatever. Hell, even IN the office, people not asking questions face to face but through Skype/Teams.

And then we wonder why people feel disconnected and lonely but, yep, I'm an old Boomer (albeit the last year of my generation). Whatever.

[JAherbert]

wide acceptance for Zoom meetings nowadays, allowing WFH and saving overseas trips

[JAherbert]

Those Family Home Office demand should keep the rent high. Few years later, these buildings can be turned into hotels / hostels or converted into residential unit.

difficult to change building use under present regulations

[RobRoy]

Yep, we are moving to work-from-home, with small serviced office. The young 'uns prefer this mode, saves big-time money so, whatever. No point in bucking the trend. Not hard to find REALLY competitive prices on serviced office space, people traveling and staying in a hotel can pop in there, use the services, they have conference room for any bigger group. Since covid, we're meeting with clients virtually.

I am more of a "work in the office" person but I do get that most people are not so...whatever. Hell, even IN the office, people not asking questions face to face but through Skype/Teams.

And then we wonder why people feel disconnected and lonely but, yep, I'm an old Boomer (albeit the last year of my generation). Whatever.

Fully agree with you, if you are engaged, want to learn from colleagues, really get stuff done without tons of miscommunication, nothing beats being in the same office. But at many workplaces now you work in global teams already, many of my closest colleagues is in Europe all reporting to the same boss, so it's kind of dead already. Add to that, that many people are not really that engaged in their jobs, just want their salary and can escape the boss facetime culture if you "work" from home, you can understand why it's popular. My engagement in my current role has decreased a lot the past year, I have gone from, yeah I can work from home once per week sometimes maybe, to religiously working from home each Friday, to now considering discussing with the boss if I can perhaps work from home two days a week..