Property News · December 23, 2018

Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say


Rents of grade A offices in Central, the most expensive globally, could see a decline of up to 6 per cent in 2019 after they dropped for the first time in November amid growing trade and economic concerns, according to analysts.
Monthly office rents in Central and the surrounding areas of Sheung Wan and Admiralty will fall by 4 to 6 per cent to about HK$154.90 (US$19.79) per square foot, according to Cushman & Wakefield.
“The ongoing trade dispute between the US and China, coupled…

Source : South China Morning Post
Read more…Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say

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