Property News · June 25, 2019

Prime Hong Kong office rents are most expensive globally for fourth straight year, CBRE says


Prime office rents in Hong Kong’s Central district are the most expensive globally for a fourth straight year, with growth in rents across Asia doubling year on year, US commercial real estate services and investment firm CBRE said in a report on Tuesday.Currently, six of the 10 most expensive office markets are in Asia, and rental growth in the region has almost doubled year on year to 3.3 per cent.The average annual rent for a prime office in Central, inclusive of taxes and fees, rose to US…

Source : South China Morning Post
Read more…Prime Hong Kong office rents are most expensive globally for fourth straight year, CBRE says