{"id":102494,"date":"2018-12-23T10:02:35","date_gmt":"2018-12-23T03:02:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloomy-outlook-for-central-office-rents-in-hong-kong-as-economic-storm-clouds-gather-analysts-say\/"},"modified":"2018-12-23T11:06:42","modified_gmt":"2018-12-23T04:06:42","slug":"gloomy-outlook-for-central-office-rents-in-hong-kong-as-economic-storm-clouds-gather-analysts-say","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloomy-outlook-for-central-office-rents-in-hong-kong-as-economic-storm-clouds-gather-analysts-say\/","title":{"rendered":"Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say"},"content":{"rendered":"


\nRents of grade A offices in Central, the most expensive globally, could see a decline of up to 6 per cent in 2019 after they dropped for the first time in November amid growing trade and economic concerns, according to analysts.
\nMonthly office rents in Central and the surrounding areas of Sheung Wan and Admiralty will fall by 4 to 6 per cent to about HK$154.90 (US$19.79) per square foot, according to Cushman & Wakefield.
\n\u201cThe ongoing trade dispute between the US and China, coupled…
\n
\nSource : South China Morning Post
\nRead more…Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rents of grade A offices in Central, the most expensive globally, could see a decline...<\/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-102494","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-qF8","jetpack-related-posts":[{"id":118919,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-residential-rents-face-deeper-correction-as-fourth-coronavirus-wave-lay-off-clouds-gather\/","url_meta":{"origin":102494,"position":0},"title":"Hong Kong residential rents face deeper correction, as fourth coronavirus wave, lay-off clouds gather","date":"October 15, 2020","format":false,"excerpt":"\r A deeper correction in Hong Kong\u2019s residential rents lies ahead in the last quarter, property agencies said, as its economic outlook gets gloomier.Rents fell 1.2 per cent month on month in September to HK$34 (US$4.4) per square foot on average, and have declined by more than 10 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108817,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/outlook-for-hong-kong-retail-rents-bleak-as-trade-war-and-protests-dampen-sales\/","url_meta":{"origin":102494,"position":1},"title":"Outlook for Hong Kong retail rents bleak as trade war and protests dampen sales","date":"July 9, 2019","format":false,"excerpt":"\r Hong Kong\u2019s retail leasing market is expected to slow further in the second half as sales continue to slump because of the US-China trade war and uncertainty over protests against the extradition bill, industry observers say.Overall rent for shops along prime shopping streets fell 1.2 per cent quarter on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122373,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bad-news-for-hong-kong-tenants-as-rents-predicted-to-chart-record-high-in-coming-months\/","url_meta":{"origin":102494,"position":2},"title":"Bad news for Hong Kong tenants as rents predicted to chart record-high in coming months","date":"October 5, 2021","format":false,"excerpt":"\r Housing rents in Hong Kong are expected to recoup all the losses caused by the social unrest and the Covid-19 pandemic, with analysts predicting a record in the coming months as the economic outlook brightens.Rents climbed for a sixth month in August for a cumulative gain of 4.7 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":99402,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-commercial-property-and-housing-markets-face-slowdown-as-trade-war-souring-sentiment-bite\/","url_meta":{"origin":102494,"position":3},"title":"Hong Kong commercial property and housing markets face slowdown as trade war, souring sentiment bite","date":"October 9, 2018","format":false,"excerpt":"\r Hit by factors that include the escalating trade war between China and the United States, shop rents in Hong Kong\u2019s Central district could drop by up to 10 per cent this year, growth in overall office rents could ease further and home prices might drop by 40 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-district-to-fall-by-up-to-7-per-cent-as-trade-war-dampens-chinese-firms-expansion-plans-says-knight-frank\/","url_meta":{"origin":102494,"position":4},"title":"Office rents in Hong Kong\u2019s Central district to fall by up to 7 per cent as trade war dampens Chinese firms\u2019 expansion plans, says Knight Frank","date":"February 15, 2019","format":false,"excerpt":"\r Prime office rents in the Central business district are forecast to decline by as much as 7 per cent this year as mainland Chinese companies pare back their expansion plans amid uncertainties ranging from the US-China trade war to cooling domestic economic growth, according to Knight Frank\u2019s latest global\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-weigh-on-office-market-as-available-space-in-central-rises-to-14-year-high-rents-fall-3-2-per-cent\/","url_meta":{"origin":102494,"position":5},"title":"Hong Kong protests weigh on office market as available space in Central rises to 14-year high, rents fall 3.2 per cent","date":"October 4, 2019","format":false,"excerpt":"\r The outlook for Hong Kong\u2019s property market is bleak after rents for grade A office space in Central \u201csoftened significantly\u201d and availability climbed to a 14-year high in the third quarter.Cushman & Wakefield said on Thursday that tenants generally held off committing to relocations or expansions in the quarter\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\/102494"}],"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=102494"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102494\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}