# Relocations account for 55% of top Kowloon office deals in August

- **Source:** Real Estate Asia
- **Published:** 2026-10-06T04:43:12.000Z
- **Author:** Staff Reporter
- **Original:** https://realestateasia.com/commercial-office/news/relocations-account-55-top-kowloon-office-deals-in-august
- **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals

## Featured rationale

The increase signals broader tenant demand for better-suited, higher-quality offices before expected rental growth, potentially supporting leasing activity and upward pressure on rents.

## AI summary

Relocations comprised approximately 55% of Kowloon’s top 10 August office transactions by floor area, rising from about 40% over the preceding three months.

## Original article

This represents a jump from around 40% in the last three months.

Office occupiers in Kowloon increasingly chose to relocate rather than renew existing leases in August, using the opportunity to upgrade their premises and reposition their footprints ahead of expected rental growth, according to Knight Frank.

Relocations accounted for approximately 55% of the top 10 office transactions by floor area during the month, up from about 40% over the preceding three months, Knight Frank said.

The agency attributed the increase partly to occupiers seeking to lock in rents at current levels while taking advantage of opportunities to move into higher-quality or better-suited space. Leasing activity was also supported by several high-profile transactions and growing demand from the entertainment sector.

The largest leasing deal recorded in August involved the Chinese University of Hong Kong, which committed to approximately 110,000 sq ft of former AECOM office space in Sha Tin. Knight Frank said the transaction underscored continued demand from the education sector.

The insurance sector also remained active, with Sun Life securing approximately 38,000 sq ft at IGC. Meanwhile, Virtual Gaming took around 17,000 sq ft at Gateway Tower 5, adding to leasing momentum from entertainment and technology occupiers.

The August transactions indicate a broadening tenant mix in Kowloon, with education, insurance, entertainment and technology occupiers all contributing to office leasing activity, according to Knight Frank.

## Chinese translation

> Translation model: grok_cli

### 搬迁占8月九龙顶级写字楼交易的55%

九龙写字楼承租人在8月越来越多地选择搬迁而非续签现有租约，并借此机会升级其办公场所并重新

这代表着较过去三个月大约40%的水平出现跃升。

据莱坊（Knight Frank）称，九龙写字楼承租人在8月越来越多地选择搬迁而非续签现有租约，借此机会升级办公场所，并在预期租金增长之前重新布局其空间规模。

莱坊表示，按楼面面积计算，搬迁约占当月十大写字楼交易的55%，高于此前三个月约40%的水平。

该机构将这一上升部分归因于承租人寻求在当前水平锁定租金，同时把握机会迁入更高品质或更合适的空间。若干备受关注的交易以及娱乐业日益增长的需求，也为租赁活动提供了支撑。

8月录得的最大租赁交易涉及香港中文大学，该校承诺承租沙田约110,000平方英尺的前AECOM办公空间。莱坊表示，这笔交易凸显了教育行业的持续需求。

保险业同样保持活跃，永明金融（Sun Life）在IGC落实约38,000平方英尺。与此同时，Virtual Gaming在Gateway Tower 5承租约17,000平方英尺，进一步增添了娱乐及科技承租人的租赁势头。

据莱坊称，8月的交易表明九龙的租户组合正在拓宽，教育、保险、娱乐和科技承租人均对写字楼租赁活动有所贡献。