Hong Kong office sector may boost investment to curb AI tenant loss: analysts

Hong Kong commercial landlords may bet on investment to curb tenant loss from AI: analysts

Landlords may need to refurbish or convert commercial real estate to better accommodate artificial intelligence technology, according to experts

“If you want to bring buildings up to an appropriate standard in a world of AI, going forward there should be energy resilience, energy supply, connectivity and technological infrastructure,” he said.

“All of those things are an additional layer to get those buildings to the right standard.”

Nearly two-thirds of private offices in Hong Kong will be over 30 years old by 2030, according to official data cited by Knight Frank.

A separate estimate last year by JLL, a global property services and investment management firm, found that about a fifth of Hong Kong’s ageing buildings were potentially facing obsolescence, with declines in both value and efficiency.