In the fourth quarter of 2024, the average monthly rent of private apartments in the Hong Kong Island region, the heart of Hong Kong, was between *** and *** Hong Kong dollars per square meter. Meanwhile, the median income for an individual was ** thousand Hong Kong dollars per month.

As of March 2024, the average monthly rent for public rental housing in Hong Kong's New Territories was ** Hong Kong dollars per square meters. These type of apartments were rent-controlled and therefore were significantly cheaper than their private counterparts. For instance, whereas public housing in the New Territories costs ** Hong Kong dollars per square meter per month on average, a private apartment in the same districts costs *** Hong Kong dollar per month.

In the fourth quarter of 2024, the average monthly rent for grade A office space in Hong Kong's Central district amounted to *** Hong Kong dollars per square meter. Central had the most expensive office real estate among all districts in the city. Compared to other major cities in the Asia-Pacific region, Hong Kong had the highest average rent for grade A office real estate.

In 2019, the average monthly rent of a private retail space in Hong Kong Island, traditional financial and business hub of Hong Kong, amounted to ***** Hong Kong dollars per square meter. The average rentals of private retail venues in Hong Kong Island are the highest in the city, which is largely affected by the incoming tourist destination spots.

In 2019, the average monthly rent of a private retail space in Kowloon, a shopping, arts, and entertainment district of Hong Kong, amounted to ***** Hong Kong dollars per square meter. The average rentals of private retail venues in Kowloon were only surpassed by the ones in Hong Kong Island.

Hong Kong HK: Property Rental Index: 1999=100: Office data was reported at 254.700 1999=100 in Oct 2018. This records an increase from the previous number of 254.400 1999=100 for Sep 2018. Hong Kong HK: Property Rental Index: 1999=100: Office data is updated monthly, averaging 152.000 1999=100 from Jan 1993 (Median) to Oct 2018, with 310 observations. The data reached an all-time high of 254.700 1999=100 in Oct 2018 and a record low of 71.600 1999=100 in Sep 2003. Hong Kong HK: Property Rental Index: 1999=100: Office data remains active status in CEIC and is reported by Rating and Valuation Department. The data is categorized under Global Database’s Hong Kong SAR – Table HK.EB052: Office: Rental Index.

In 2019, the average monthly rent of a warehouse space in Hong Kong amounted to almost ***** Hong Kong dollars per square meter. The demand of warehouses has been increasing in Hong Kong, consistently driving the rental prices up.

In the first half of 2020, the rental price of retail colocation space in Hong Kong was between *** and *** U.S. dollars per month. Pricing in hyperscale cloud and wholesale colocation was less expensive, with monthly rent between *** and *** U.S. dollars for hyperscale, and *** and *** U.S. dollars for wholesale colocation. Hyperscale data centers have the largest power requirements and customers are usually a cloud or large tech company. Wholesale and retail colocation, on the other hand, have smaller power requirements.

Housing Index in Hong Kong increased to 136.68 points in July 6 from 136.56 points in the previous week. This dataset provides - Hong Kong House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2019, the average monthly rent of a private retail space in New Territories, one of the three main regions of Hong Kong, amounted to ***** Hong Kong dollars per square meter. The average rentals of private retail venues in New Territories were the lowest in the city.

This statistic depicts the average price of private retail rentals in Hong Kong from 2009 to 2015, by region. In 2014, the average private retail rental price in Hong Kong island reached around ***** Hong Kong dollars per square meter.

As of March 2024, the average living space of public rental housing tenants in Hong Kong was 13.9 square meters per person. In the same year, the proportion of households with living space per person below 5.5 square meters was 0.4 percent.

In 2020, the average monthly residential rent in New York was 2,870 U.S. dollars. Abu Dhabi and Hong Kong had the next highest average rental rates at 2,838 and 2,682 U.S. dollars respectively.

The statistic shows the cost comparison between flexible and conventional office renting in the Asia Pacific region in 2018, broken down by city. In that year, the average annual rent rate for flexible workspaces in Hong Kong amounted to around **** thousand U.S. dollars per desk while the annual rent rate for conventional workstations was at approximately ***** thousand U.S. dollars, indicating a price difference of about ** percent.

The average revenue per paying user (ARPU) of vacation rentals in Hong Kong was forecast to continuously increase between 2024 and 2029 by in total **** U.S. dollars (+***** percent). After the ***** consecutive increasing year, the arpu is estimated to reach ****** U.S. dollars and therefore a new peak in 2029. Notably, the arpu of the 'Vacation Rentals' segment of the travel & tourism market was continuously increasing over the past years.Find further information concerning the ARPU in the 'Package Holidays' segment of the travel & tourism market in Spain and the number of users in the 'Hotels' segment of the travel & tourism market in Switzerland. The Statista Market Insights cover a broad range of additional markets.

In the third quarter of 2024, London (West End) was the market with the most expensive prime office space worldwide. The net effective cost for a prime office in London cost close to *** U.S. dollars annually. In second and third market in the ranking, Hong Kong and Midtown New York, prices also exceeded *** U.S. dollars per square foot. The global office real estate sector was severely affected by the coronavirus pandemic and the political and economic uncertainty that followed. With many companies placing expansion plans on hold and transitioning to hybrid working models, vacancies across many markets spiked and leasing activity slowed down.

In 2019, the grade A office rent in Hong Kong amounted to 110 U.S. dollars per square foot per annum. Comparatively, the average grade A office rent in Chengdu was approximately 16 U.S. dollars per square foot per annum in 2019.

In 2023, the median monthly home rent per square meter in Hong Kong was about ** U.S. dollars. That year, the median monthly rent per square meter of apartments in Kolkata, India, was around *** U.S. dollars.

As of the second quarter of 2019, the average monthly rent in Shenzhen's Houhai business center was ** Hong Kong dollars per square foot gross floor space. As an essential city in the China's Greater Bay Area, Shenzhen is home of many of China's high-tech companies, attracting lots of start-ups there.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.