Property News · October 4, 2019

Hong Kong protests weigh on office market as available space in Central rises to 14-year high, rents fall 3.2 per cent


The outlook for Hong Kong’s property market is bleak after rents for grade A office space in Central “softened significantly” and availability climbed to a 14-year high in the third quarter.Cushman & Wakefield said on Thursday that tenants generally held off committing to relocations or expansions in the quarter ended September amid concerns about the city’s slowing economy and as anti-government protests intensified.Office rents in greater Central – Central, Admiralty and Sheung Wan – fell by…

Source : South China Morning Post
Read more…Hong Kong protests weigh on office market as available space in Central rises to 14-year high, rents fall 3.2 per cent