Figures
Hong Kong Figures - Industrial Q2 2026
July 14, 2026 10 Minute Read
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- New industrial leasing volume grew 118% y-o-y to nearly 1.6 million sq. ft. in Q2 2026, reaching its highest quarterly level since Q2 2022. For H1 2026, new leasing volume stood at 2.4 million sq. ft., rising 84% y-o-y compared with the same period of the previous year.
- Warehouse landlords became more willing to lower asking rents to improve occupancy.
- Vacancy dropped by a further 1.2-ppt q-o-q to 11.6%, indicating positive net absorption of 569,200 sq. ft., the highest level since Q3 2023.
- Warehouse rents fell by a further 2.2% q-o-q, marking the tenth consecutive quarterly rental decline and bringing the total contraction in percentage terms from the peak achieved in Q4 2023 to 15.6%.