# Kowloon East office rents to decline by up to 6% in 2H 2026

- **Source:** Real Estate Asia
- **Published:** 2026-07-06T22:35:54.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/kowloon-east-office-rents-decline-6-in-2h-2026
- **Topics:** Commercial & Industrial

## Featured rationale

Improving demand and limited supply from 2027 may help rents approach a floor, although Kowloon East’s higher vacancy could prolong tenant-favourable conditions there.

## AI summary

Knight Frank forecasts Kowloon East office rents will decline 4% to 6% in 2H 2026, versus 1% to 3% across broader Kowloon.

## Original article

Meanwhile, rents in the broader Kowloon market could decline by up to 3%.

Rental declines across Kowloon's office market are moderating, with vacancy rates approaching a peak as demand improves, according to Knight Frank.

Steve Ng, Executive Director and Head of Kowloon Office Strategy & Solutions at Knight Frank, said office rents continue to fall but at a slower pace, signalling a more stable outlook. Kowloon Central and Kowloon West are showing early signs of stabilisation, while Kowloon East remains under pressure due to higher vacancy levels.

Knight Frank said demand has strengthened with the return of banking and finance firms, insurers and PRC companies, particularly for larger office spaces. The agency expects a supply gap from 2027 to support a "soft landing" for the market, with limited new office supply across Kowloon and future developments concentrated in areas including Tung Chung and the Northern Metropolis.

Tenant demand continues to favour West Kowloon and Kowloon Central, while recent quarterly performance suggests the market is stabilising after weaker conditions earlier this year.

Knight Frank forecasts Kowloon East rents will decline by 4% to 6% in the second half of 2026, while the broader Kowloon office market is expected to record a more modest fall of 1% to 3% as rental levels approach a floor.

## Chinese translation

> Translation model: grok

### 九龙东写字楼租金2026下半年料最多跌6%

据莱坊，九龙写字楼市场租金跌势正在放缓，空置率随需求改善接近见顶

同时，更广泛的九龙市场租金或最多下跌3%。

据莱坊（Knight Frank），九龙写字楼市场租金跌势正在放缓，空置率随需求改善接近见顶。

莱坊执行董事兼九龙写字楼策略与解决方案主管Steve Ng表示，写字楼租金仍在下跌，但步伐放缓，预示前景更趋稳定。九龙中与九龙西已现初步企稳迹象，九龙东则因空置较高仍承压。

莱坊称，随着银行与金融公司、保险公司及中国内地企业回流，需求有所增强，尤其是较大面积写字楼。该机构预计2027年起的供应缺口将支持市场“软着陆”，九龙整体新增写字楼供应有限，未来开发主要集中在东涌及北部都会区等地。

租户需求继续青睐西九龙与九龙中，而近期季度表现显示，市场在年初偏弱后正趋稳。

莱坊预测，九龙东租金在2026年下半年将下跌4%至6%；随着租金水平接近底部，更广泛的九龙写字楼市场料录得更温和的1%至3%跌幅。