Property News · July 11, 2019

Hong Kong’s prime office market wobbles as Chinese firms scale back amid trade war


Hong Kong’s prime offices, the world’s most expensive for four years running, are losing their cache as a year-long US-China trade war has deterred companies from taking on more space, forcing landlords to offer discounts.Grade-A office rent in the Central district dropped 0.1 per cent in the second quarter, reflecting the first quarterly decline since the final three months of 2013, while rents in Wan Chai and Causeway Bay fell 0.4 per cent during the same period, according to JLL’s data…

Source : South China Morning Post
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