Property News · August 28, 2019

Rents at The Center, Hong Kong’s most expensive office tower, cut by 5 per cent as companies defer expansion plans amid protests


Some owners of individual floors at The Center have cut rents by 5 per cent for the first time since they took over Hong Kong’s most expensive grade A office building, as anti-government protests have forced companies to hold back their expansion plans, according to agents.Rents at a number of buildings have also been reduced, including Bank of China Tower, where asking lease rates have been cut by 4.3 per cent to HK$156 in July compared to June, according to figures from CBRE.Rents at the 73…

Source : South China Morning Post
Read more…Rents at The Center, Hong Kong’s most expensive office tower, cut by 5 per cent as companies defer expansion plans amid protests

You may also like...