《港樓》中原:整體指標寫字樓差餉租值連跌5年累降近三成 中環中心跌最多達四成
中原地產研究部高級聯席董事楊明儀指出,選取36個頂級及甲級指標寫字樓的差餉租值統計,整體寫字樓的租值跌勢持續,由2019年高峰連跌5年共28.5%,而2024年按年跌4.3%,跌幅略為擴大。由於全球經濟前景仍不明朗及工作模式改變,租賃需求疲弱,加上供應近幾年大增,令空置率不斷上升至1983年以來的41年新高,影響寫字樓租值向下調整未變。當中,頂級寫字樓按年跌4.1%,甲級寫字樓跌4.6%;比2019年高位計,頂級跌26.7%,甲級跌31.2%。頂級寫字樓位置優越,處於核心商業區,而且質素較佳,故跌幅相對較小,除2023年外租值表現近9年均優於大市。2024年有12個指標寫字樓的租值較2019年高位回落超過三成,全屬港島區,跌幅最大為中環中心,跌近四成。2025年寫字樓租賃市場氣氛略為改善,租務交投增多,惟供應過剩問題仍在,租金有下調壓力,展望短期整體租值續跌,但跌幅可能放緩。
在8個頂級指標寫字樓中,2024年的租值有7個跌1個升。交易廣場租值跌幅最大,按年跌10.8%,租值微升一年後回落,比2019年高位下跌26.8%。太古廣場2期租值連跌6年,2024年按年跌8.2%,比2019年跌達35.1%,高位跌幅是頂級指標寫字樓之首。太古廣場1期租值按年跌5.0%,較2019年高位跌32.6%。長江集團中心租值跌幅明顯收窄,2024年微跌0.1%,2023年跌10.9%,較2019年高位跌33.5%。置地廣場、國際金融中心及環球貿易廣場的租值近2年走勢較為平穩,按年變幅均在正負5%以內,比2019年高位跌約兩成至兩成半不等。不過,樓齡最新的太古廣場3期租值連升2年,2024年按年升6.0%,較2019年僅跌14.1%,高位跌幅是眾多指標寫字樓中最小。
28個甲級指標寫字樓計,港島寫字樓供應較九龍多,故租值跌幅較大。港島租值連跌5年,2024年按年跌5.1%,九龍租值跌只2.7%,以致港島比2019年高位跌32.9%,跌幅明顯多於九龍的23.9%。甲級寫字樓6個分區租值按年齊跌,中環及金鐘核心區跌幅最顯著,分別跌6.7%及5.6%,這兩區高位跌幅亦較其他分區為多,比2019年跌35.9%及32.0%。因為區內有The Henderson及長江集團中心二期等全新寫字樓落成,供應增加,影響租金下降。上環、尖沙咀西部、尖沙咀東部及灣仔2024年租值按年跌幅均少於半成,介乎1.9%至4.7%不等,比2019年則跌23.1%至31.2%不等。
在甲級指標寫字樓中,2024年的租值有22個跌2個升,4個持平。租值按年跌幅較多的包括:皇后大道中九號跌10.0%,海富中心跌10.0%,南洋中心跌8.0%,美國銀行中心跌7.6%。而比2019年高位跌幅最大是中環中心,近5年租值累跌39.9%,其他跌逾三成的還有美國銀行中心、鷹君中心、力寶中心、海富中心、會議展覽中心、信德中心、皇后大道中九號及遠東金融中心,累跌31.5%到35.2%不等,以上9個甲級寫字樓全部位於港島區。
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