Property News · August 8, 2017

Office decentralisation trend in Hong Kong continues but rents remain high


Even as more companies relocate their offices away from Hong Kong’s central business district to escape high costs, rents in Central have climbed back up to their 2008 peak levels driven by sustained demand from mainland Chinese corporates and a tight vacancy situation.
According to the midyear Hong Kong property review published by real estate services firm JLL, the demand for Grade A offices in the first half of this year was focused outside of Central. But leasing demand in Central was…

Source : South China Morning Post
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