Property News · March 27, 2020

World’s costliest offices are poised to enter tenants’ market as Hong Kong businesses reel from coronavirus, protest movement


Hong Kong’s notoriously pricey office rental sector is fast becoming a tenants’ market as last year’s protest movement and the current coronavirus pandemic have prompted struggling companies to bail on their leases.A huge increase in firms, from co-working space providers to finance companies and retailers, abandoning their offices before the contracts expire has helped free up space and contributed to a fall in rental rates.“Given that real estate is one of the single largest costs in…

Source : South China Morning Post
Read more…World’s costliest offices are poised to enter tenants’ market as Hong Kong businesses reel from coronavirus, protest movement