Property News · January 17, 2020

Office rents in Hong Kong’s Central district – world’s most expensive commercial property market – to plunge by up to 40 per cent, real estate fund says


Office rents in Hong Kong’s Central district, the world’s most expensive commercial property market for a fourth straight year in 2019, might plunge by up to 40 per cent by 2022, according to the most pessimistic forecast yet.“Office rents in Central and other mature decentralised areas are likely to continue falling – by around 30 per cent to 40 per cent over the near to medium term” in the next two to three years, said Harry Tan, head of research for Asia-Pacific at London-based real estate…

Source : South China Morning Post
Read more…Office rents in Hong Kong’s Central district – world’s most expensive commercial property market – to plunge by up to 40 per cent, real estate fund says

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