Demand for office buildings in the core business district of Hong Kong is recovering.

As a global financial center, Hong Kong has once had the most expensive office rents in the world, with skyscrapers lining the Central business district. Through ups and downs, more and more signs indicate that the hot Hong Kong capital market, especially the IPO market, is driving a partial recovery in the office market. The core business district represented by Central is expected to be the first to recover. In April of this year, the Hong Kong Stock Exchange announced an agreement with The Land Holdings Limited to purchase the first multi-story commercial building in Exchange Square as the group's headquarters. The Hong Kong Stock Exchange, which has been rooted in Exchange Square in Central for nearly 40 years, spent HK$6.3 billion on this "building purchase", which industry insiders believe is a significant transaction in the Hong Kong office market in recent years and carries great importance. Recently, several institutions have released reports on the Hong Kong office market. Researchers have found that although the large amount of new supply and high vacancy rates may continue to put pressure on the Hong Kong office market in the coming quarters, there are signs of a recovery especially in the local office market, particularly in the core business district represented by Central, where some companies are seizing the current market conditions and leasing quality office space.