{"id":110256,"date":"2019-08-28T06:00:11","date_gmt":"2019-08-27T23:00:11","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-at-the-center-hong-kongs-most-expensive-office-tower-cut-by-5-per-cent-as-companies-defer-expansion-plans-amid-protests\/"},"modified":"2019-08-28T07:03:08","modified_gmt":"2019-08-28T00:03:08","slug":"rents-at-the-center-hong-kongs-most-expensive-office-tower-cut-by-5-per-cent-as-companies-defer-expansion-plans-amid-protests","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-at-the-center-hong-kongs-most-expensive-office-tower-cut-by-5-per-cent-as-companies-defer-expansion-plans-amid-protests\/","title":{"rendered":"Rents at The Center, Hong Kong\u2019s most expensive office tower, cut by 5 per cent as companies defer expansion plans amid protests"},"content":{"rendered":"


\nSome owners of individual floors at The Center have cut rents by 5 per cent for the first time since they took over Hong Kong\u2019s most expensive grade A office building, as anti-government protests have forced companies to hold back their expansion plans, according to agents.Rents at a number of buildings have also been reduced, including Bank of China Tower, where asking lease rates have been cut by 4.3 per cent to HK$156 in July compared to June, according to figures from CBRE.Rents at the 73\u2026
\n
\nSource : South China Morning Post
\nRead more…Rents at The Center, Hong Kong\u2019s most expensive office tower, cut by 5 per cent as companies defer expansion plans amid protests<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some owners of individual floors at The Center have cut rents by 5 per cent...<\/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-110256","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-sGk","jetpack-related-posts":[{"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":110256,"position":0},"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":110256,"position":1},"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":[]},{"id":112544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-prime-office-rents-fall-by-most-in-a-decade-as-protests-chill-market-chinese-companies-retreat\/","url_meta":{"origin":110256,"position":2},"title":"Hong Kong\u2019s prime office rents fall by most in a decade as protests chill market, Chinese companies retreat","date":"November 22, 2019","format":false,"excerpt":"\r More than five months of social unrest in Hong Kong is starting to hurt prime office landlords with rent falling by the most in a decade as multinationals downsized and mainland Chinese firms retreated from the city.\r\rOverall rents in Grade A offices fell 1.6 per cent to HK$74.30 (US$9.50)\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":110256,"position":3},"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":[]},{"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":110256,"position":4},"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":108882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-prime-office-market-wobbles-as-chinese-firms-scale-back-amid-trade-war\/","url_meta":{"origin":110256,"position":5},"title":"Hong Kong\u2019s prime office market wobbles as Chinese firms scale back amid trade war","date":"July 11, 2019","format":false,"excerpt":"\r Hong Kong\u2019s prime offices, the world\u2019s most expensive for four years running, are losing their cache as a year-long US-China trade war has deterred companies from taking on more space, forcing landlords to offer discounts.Grade-A office rent in the Central district dropped 0.1 per cent in the second 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\/110256"}],"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=110256"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110256\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}