Prices of office space decreased by 4.3% in 2nd Quarter 2020, compared with the 4.0% decrease in the previous quarter. Rentals of office space remained unchanged in 2nd Quarter 2020, compared with the 0.8% decrease in the previous quarter.
Island-wide, the vacancy rate has risen to 12.1% in 2Q2020, from 11.0% in 1Q2020.
It should be noted that the increase in vacancy stemmed from the transitional vacancy in 21 Collyer Quay which is undergoing asset enhancement initiative works and the available space resulting from the completion of 79 Robinson Road.
Here's the link to download our Q2 2020 Office Space Statistics.