Demand for office space in old buildings in Sheung Wan, close to Central, remain sought after by start-ups and small businesses who cannot afford exorbitant rents in the core business district, which have been pushed beyond their reach by mainland finance firms, according to a Hong Kong-based real estate fund.
Market observers forecast rents in Central, which have risen above HK$100 (US$12.8) per square feet, to fall by up to 5 per cent this year, but that is small consolation to small…
Source : South China Morning Post
Read more…Start-ups’ desire to stay close to Central works to Sheung Wan’s advantage, says property investor
