{"id":108450,"date":"2019-06-26T06:00:09","date_gmt":"2019-06-25T23:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-co-working-operators-set-to-raise-rates-as-consolidation-weeds-out-weaker-rivals\/"},"modified":"2019-06-26T07:08:23","modified_gmt":"2019-06-26T00:08:23","slug":"hong-kong-co-working-operators-set-to-raise-rates-as-consolidation-weeds-out-weaker-rivals","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-co-working-operators-set-to-raise-rates-as-consolidation-weeds-out-weaker-rivals\/","title":{"rendered":"Hong Kong co-working operators set to raise rates as consolidation weeds out weaker rivals"},"content":{"rendered":"


\nRents for co-working space in Hong Kong, already the most expensive in Asia-Pacific at US$741 per month, are set to rise further as the sector undergoes another wave of consolidation even as uptake slows, say industry operators.According to the latest report from property agency Colliers, Hong Kong, with 141 shared office centres, topped 14 other cities in the region in terms of average desk cost per month, followed by Beijing at US$693, which has 45 co-working centres and Sydney, with 58\u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong co-working operators set to raise rates as consolidation weeds out weaker rivals<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Rents for co-working space in Hong Kong, already the most expensive in Asia-Pacific at US$741...<\/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-108450","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-sdc","jetpack-related-posts":[{"id":143893,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-rising-demand-for-data-centres-will-not-rescue-hong-kong-office-buildings-with-high-vacancy-rates\/","url_meta":{"origin":108450,"position":0},"title":"Why rising demand for data centres will not rescue Hong Kong office buildings with high vacancy rates","date":"April 28, 2024","format":false,"excerpt":"\r Rising demand for data centres is unlikely to provide relief for Hong Kong landlords and asset owners looking to convert their empty office spaces into industrial property, US asset manager PGIM says.\r \r Source : South China Morning Post\r Read more...Why rising demand for data centres will not rescue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121276,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-shopping-centre-landlord-wharf-reic-reports-10-per-cent-increase-in-first-half-revenue-rues-absence-of-tourists\/","url_meta":{"origin":108450,"position":1},"title":"Hong Kong shopping centre landlord Wharf Reic reports 10 per cent increase in first-half revenue, rues absence of tourists","date":"August 6, 2021","format":false,"excerpt":"\r Although retail sales might have bottomed out in Hong Kong, rental incomes will remain under tremendous pressure until border controls are relaxed, according to Wharf Real Estate Investment Company (Reic), the owner of shopping centres Harbour City and Times Square.Vacancies and weaker market rents continued to depress rental incomes,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-malls-see-gradual-recovery-with-new-stores-and-events-hang-lung-ceo\/","url_meta":{"origin":108450,"position":2},"title":"Hong Kong malls see \u2018gradual recovery\u2019 with new stores and events: Hang Lung CEO","date":"September 14, 2026","format":false,"excerpt":"\r The outlook for shopping centres in Hong Kong is improving, and the business will thrive if operators use new stores and attractive events to counter locals\u2019 fondness for cross-border shopping trips, according to the CEO of Hang Lung Properties. The company\u2019s malls recorded growth in July, and business would\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103935,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-data-centre-rents-have-allowed-three-firms-to-dominate-us883-million-hong-kong-market\/","url_meta":{"origin":108450,"position":3},"title":"High data centre rents have allowed three firms to dominate US$883 million Hong Kong market","date":"February 13, 2019","format":false,"excerpt":"\r Land scarcity and some of the highest rents in Asia-Pacific have allowed three operators of data centres to dominate the market \u2013 estimated at US$883 million \u2013 in Hong Kong. According to a report released on Wednesday by Toronto-based consultancy Structure Research, which focuses on data centre and internet\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115628,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-property-sector-braces-for-collapse-of-once-lucrative-tutoring-centres\/","url_meta":{"origin":108450,"position":4},"title":"Hong Kong retail property sector braces for collapse of once lucrative tutoring centres","date":"April 15, 2020","format":false,"excerpt":"\r More than 400 spaces occupied by tutoring centres in shopping malls and commercial buildings across Hong Kong could soon become vacant in a further blow to the city\u2019s depressed retail property market.The loss of the centres, which pay relatively higher rents, will be a big blow to their landlords,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170482,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ubs-move-to-west-kowloon-reshapes-demand-in-hong-kong-office-market\/","url_meta":{"origin":108450,"position":5},"title":"UBS move to West Kowloon reshapes demand in Hong Kong office market","date":"February 3, 2026","format":false,"excerpt":"\r As UBS consolidates its Hong Kong operations in West Kowloon to deepen mainland-linked growth, it does so at a time when Hong Kong\u2019s office market is showing tentative signs of recovery in prime districts such as Central. 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