Hong Kong commercial landlords may bet on investment to curb tenant loss from AI: analysts
Hong Kong commercial landlords may bet on investment to curb tenant loss from AI: analysts
Publish Date: 2026-06-14 04:22:00
Source Domain: www.scmp.com
- The increasing adoption of artificial intelligence (AI) by firms in Hong Kong is prompting companies to relocate to newer buildings that better meet their modern technological requirements.
- According to real estate consultancy Knight Frank, landlords of older office buildings in Hong Kong may face greater challenges as the demand for energy resilience, energy supply, connectivity, and technological infrastructure rises.
- By 2030, nearly two-thirds of private offices in Hong Kong are projected to be over 30 years old, according to Knight Frank’s data.
- A separate estimate from JLL suggests that approximately 20% of Hong Kong’s aging office buildings may already be facing obsolescence due to declining value and efficiency.
- Landlords will need to act quickly to either refurbish older assets or convert them for alternative uses to remain competitive in the evolving commercial office market.
