Cheung Kong Center II Rental Rate Rises To About 60%

Bloomberg, citing sources, reported that Cheung Kong Center II, completed in 2024, was long vacant after finishing but is now seeing stronger demand as an improving economy prompts financial firms to upgrade and expand office space. The building's leasing rate has more than doubled since the start of the year to about 60%, up from roughly 10% when it was completed two years ago during one of Hong Kong's weakest periods. Cheung Kong expects the occupancy rate to reach at least 75% by year-end. A spokesman for CK Asset declined to comment, according to Ming Pao.