People familiar with the matter revealed that Goldman Sachs Group abandoned some office space for Hong Kong office buildings.
According to Bloomberg News on Friday (February 9), people familiar with the matter who did not want to be named because the information was not disclosed, and Goldman Sachs abandoned a floor of the third phase of Causeway Bay Liyuan.
Goldman Sachs rented five floors in this building in 2018 as the background office.
Goldman Sachs will not comment.The owner of the Liyuan project, Xintongxingye, did not reply to the review request.
Bloomberg reported that under the trend of global banks to save costs and reduce office space, this move has become another setback in Hong Kong's commercial real estate.
After the decline in stock sales and mergers and acquisitions, banks including Goldman Sachs and Citi Group have reduced the number of employees in Asia in the past few years, exacerbating the pressure of the Hong Kong office market.The rise in crown disease and rising interest rates has led to the depression of global commercial real estate, and Hong Kong is one of the affected cities.
International Bank is a traditional tenant in Hong Kong's high -end writing buildings. Their demand is weakened that it has an impact on this city's weakened leasing market.According to the data of the World State Weishi Group, in 2023, the financial industry accounted for 18%of the new leased area, and the ratio of 2022 was 29%.
Data from Shibang Wei Shi showed that the vacancy rate in Hong Kong reached 16.4%of the unprecedented at the end of 2023.It is estimated that after the rent of A -level office building fell 6%last year, it may fall up to 10%this year.
