Property News · November 7, 2018

Office rents in Hong Kong’s Central district may drop for first time since 2013, says Colliers


Hong Kong’s Central district, the world’s most expensive office address, will see rents fall next year for the first time since 2013, according to Colliers International.
The tanking stock market, rising interest rates and the US-China trade war are all taking a toll on the confidence of financial firms, which make up the bulk of Central’s tenants, said the property services company.
That may lead to a 4 per cent fall in the area’s office rents in 2019, Colliers forecast…

Source : South China Morning Post
Read more…Office rents in Hong Kong’s Central district may drop for first time since 2013, says Colliers

You may also like...