Property News · October 8, 2020

Desperate landlords offer renovation subsidies to lure tenants as Hong Kong’s vacant office space hits 21-year high


Hong Kong’s commercial landlords are offering incentives such as renovation subsidies to lure tenants, as the amount of office space lying empty reaches the highest level in 21 years, according to property services company CBRE.Some landlords have begun offering a one-off subsidy to help new tenants fit out their office space, said Alan Lok, executive director of advisory and transaction services for offices at CBRE.“In some cases, the landlord would offer a subsidy of about HK$100 (US$12.9)…

Source : South China Morning Post
Read more…Desperate landlords offer renovation subsidies to lure tenants as Hong Kong’s vacant office space hits 21-year high