JPMorgan Nears Record-Breaking Lease in Hong Kong's West Kowloon Area

JPMorgan Chase is in talks to rent 672,000 sq ft of office space in Hong Kong's West Kowloon area, which could be the city's biggest leasing deal. The US bank plans to move from Central and Kwun Tong to the Artist Square Towers development, expected to be completed by 2026. This would be another financial giant relocating from the central business district during a market downturn. Hong Kong's office market is under pressure with high vacancies and falling rents.