More than five months of social unrest in Hong Kong is starting to hurt prime office landlords with rent falling by the most in a decade as multinationals downsized and mainland Chinese firms retreated from the city.
Overall rents in Grade A offices fell 1.6 per cent to HK$74.30 (US$9.50) per square foot in October from a month earlier, according to property consultants JLL, the biggest monthly decline since August 2009. Among five major business districts in the city, the slide was most…
Source : South China Morning Post
Read more…Hong Kong’s prime office rents fall by most in a decade as protests chill market, Chinese companies retreat















