More European and US companies operating in Hong Kong are moving out of the city’s Central district, relocating their offices to outer suburbs to save on rent in the world’s costliest major urban centre.
In the latest sign of the change, legal firm Freshfields Bruckhaus Deringer and asset manager Alliance Bernstein will both move out of Central to relocate to Quarry Bay, where the average rental rate is listed at less than half of their current leases.
London-based Freshfields will…
Source : South China Morning Post
Read more…Hong Kong’s record office rents drive more firms out of Central to outer suburbs
