{"id":101980,"date":"2018-12-04T07:02:55","date_gmt":"2018-12-04T00:02:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-york-office-rents-edge-closer-to-hong-kongs-still-the-worlds-most-expensive-city-to-set-up-shop\/"},"modified":"2018-12-04T08:02:52","modified_gmt":"2018-12-04T01:02:52","slug":"new-york-office-rents-edge-closer-to-hong-kongs-still-the-worlds-most-expensive-city-to-set-up-shop","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-york-office-rents-edge-closer-to-hong-kongs-still-the-worlds-most-expensive-city-to-set-up-shop\/","title":{"rendered":"New York office rents edge closer to Hong Kong\u2019s \u2013 still the world\u2019s most expensive city to set up shop"},"content":{"rendered":"


\nNew York is rapidly closing the gap on prime office rents with Hong Kong and analysts say it could fall next year if the trade war persists, even as the special administrative region remained the world\u2019s most expensive city to set up shop for the fourth consecutive year.
\nThe gap between occupancy costs \u2013 rent, tax and service charge \u2013 in Central and New York\u2019s Midtown narrowed by 6 percentage points in the 12 months to September 2018, according to a JLL report tracking…
\n
\nSource : South China Morning Post
\nRead more…New York office rents edge closer to Hong Kong\u2019s \u2013 still the world\u2019s most expensive city to set up shop<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New York is rapidly closing the gap on prime office rents with Hong Kong and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-101980","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qwQ","jetpack-related-posts":[{"id":118552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-vacancy-sliding-rents-in-hong-kong-signal-cracks-in-worlds-most-expensive-retail-strip-to-persist-into-new-year\/","url_meta":{"origin":101980,"position":0},"title":"Rising vacancy, sliding rents in Hong Kong signal cracks in world\u2019s most expensive retail strip to persist into new year","date":"September 10, 2020","format":false,"excerpt":"\r The world\u2019s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong\u2019s deepening recession.Global brands from Prada to Rolex and Victoria\u2019s Secret have in the past year vacated their space near or along Russell\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":113689,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-district-worlds-most-expensive-commercial-property-market-to-plunge-by-up-to-40-per-cent-real-estate-fund-says\/","url_meta":{"origin":101980,"position":1},"title":"Office rents in Hong Kong\u2019s Central district \u2013 world\u2019s most expensive commercial property market \u2013 to plunge by up to 40 per cent, real estate fund says","date":"January 17, 2020","format":false,"excerpt":"\r Office rents in Hong Kong\u2019s Central district, the world\u2019s 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.\u201cOffice rents in Central and other mature decentralised areas are likely to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-district-may-drop-for-first-time-since-2013-says-colliers\/","url_meta":{"origin":101980,"position":2},"title":"Office rents in Hong Kong\u2019s Central district may drop for first time since 2013, says Colliers","date":"November 7, 2018","format":false,"excerpt":"\r Hong Kong\u2019s Central district, the world\u2019s most expensive office address, will see rents fall next year for the first time since 2013, according to Colliers International. The tanking stock market, rising interest rates and the US-China trade war are all taking a toll on the confidence of financial firms,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71945,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-causeway-bay-remains-as-worlds-second-most-expensive-retail-district\/","url_meta":{"origin":101980,"position":3},"title":"Hong Kong\u2019s Causeway Bay remains as world\u2019s second most expensive retail district","date":"November 16, 2017","format":false,"excerpt":"\r Hong Kong\u2019s Causeway Bay has retained its title as the world\u2019s second most expensive retail location, despite a decline in rents this year, according to a new report that tracks the most expensive shopping streets in the world. With an annual per square foot rent of US$2,725, Causeway Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-co-living-space-goes-upmarket-as-rents-and-home-prices-soar\/","url_meta":{"origin":101980,"position":4},"title":"Hong Kong\u2019s co-living space goes upmarket as rents and home prices soar","date":"July 18, 2018","format":false,"excerpt":"\r In Hong Kong, the world\u2019s most expensive place to live, the economical concept of co-living that is popular among young people has moved upscale. District15, developer of The Nate in Tsim Sha Tsui is leasing out space from HK$15,000 (US$1,911) to HK$25,000, rates relatively steep by co-living standards, though\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103166,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-central-district-to-see-further-5-per-cent-gain-in-office-rents-this-year-nomura-says\/","url_meta":{"origin":101980,"position":5},"title":"Hong Kong\u2019s Central district to see further 5 per cent gain in office rents this year, Nomura says","date":"January 22, 2019","format":false,"excerpt":"\r The world\u2019s most expensive place to rent office space may be about to get even costlier amid higher demand from co-working firms, according to Nomura. The cost of renting office space in Hong Kong\u2019s main business district, Central, will rise by up to 5 per cent this year, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101980"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=101980"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/101980\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=101980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=101980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=101980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}