Property News · November 22, 2019

Hong Kong’s prime office rents fall by most in a decade as protests chill market, Chinese companies retreat


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