# Hong Kong industrial rents to fall 5% in 2026

- **Source:** Real Estate Asia
- **Published:** 2026-07-27T23:15:04.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/industrial/news/hong-kong-industrial-rents-fall-5-in-2026
- **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals

## Featured rationale

Near-term tenant leverage may persist, while AI-related trade and expanded gold storage capacity could support longer-term demand for specialised logistics and secure-storage facilities.

## AI summary

Hong Kong warehouse rents fell 3.2% quarter-on-quarter, and Colliers expects industrial rents to decline by around 5% during 2026.

## Original article

But Colliers still sees long-term upside for the sector.

Hong Kong's industrial property market remained supported by resilient trade activity linked to global artificial intelligence demand during the second quarter of 2026, although warehouse rents continued to soften, according to Colliers.

The consultancy said lease renewals remained the dominant source of activity, while new leasing transactions were driven by third-party logistics providers and e-commerce operators. Landlords continued offering incentives to maintain occupancy, contributing to a 3.2% quarter-on-quarter decline in warehouse rents.

Despite ongoing rental pressure, Colliers said long-term market fundamentals remain positive.

Fiona Ngan, Head of Occupier Services at Colliers Hong Kong, said industrial rents are expected to decline by around 5% during 2026, but growing AI-related trade flows and Hong Kong's plans to significantly expand its gold storage capacity are creating future demand for specialised logistics facilities, high-security storage and related support services.

According to Colliers, these structural demand drivers are expected to underpin the sector's longer-term growth despite near-term rental weakness.

## Chinese translation

> Translation model: grok

### 香港工业租金2026年料跌5%

香港工业物业市场在2026年第二季仍获与全球人工智能需求相关的韧性贸易活动支撑

但高力国际（Colliers）仍看好该行业的长期上行空间。

根据高力国际，香港工业物业市场在2026年第二季仍获与全球人工智能需求相关的韧性贸易活动支撑，尽管仓库租金持续走软。

该顾问公司表示，续租仍是活动的主要来源，而新租赁交易则由第三方物流供应商与电商营运商推动。业主持续提供优惠以维持出租率，导致仓库租金按季下跌3.2%。

尽管租金持续承压，高力国际表示长期市场基本面仍属正面。

高力国际香港企业客户服务主管颜美娜（Fiona Ngan）表示，预计工业租金在2026年将下跌约5%，但与人工智能相关的贸易流量增长，以及香港大幅扩充黄金仓储容量的计划，正为专用物流设施、高安保仓储及相关配套服务创造未来需求。

高力国际表示，尽管近期租金疲弱，这些结构性需求驱动因素预计将支撑该行业的长期增长。