{"id":115188,"date":"2020-03-27T08:00:24","date_gmt":"2020-03-27T01:00:24","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/worlds-costliest-offices-are-poised-to-enter-tenants-market-as-hong-kong-businesses-reel-from-coronavirus-protest-movement\/"},"modified":"2020-03-27T08:04:16","modified_gmt":"2020-03-27T01:04:16","slug":"worlds-costliest-offices-are-poised-to-enter-tenants-market-as-hong-kong-businesses-reel-from-coronavirus-protest-movement","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/worlds-costliest-offices-are-poised-to-enter-tenants-market-as-hong-kong-businesses-reel-from-coronavirus-protest-movement\/","title":{"rendered":"World\u2019s costliest offices are poised to enter tenants\u2019 market as Hong Kong businesses reel from coronavirus, protest movement"},"content":{"rendered":"


\nHong Kong\u2019s notoriously pricey office rental sector is fast becoming a tenants\u2019 market as last year\u2019s 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.\u201cGiven that real estate is one of the single largest costs in\u2026
\n
\nSource : South China Morning Post
\nRead more…World\u2019s costliest offices are poised to enter tenants\u2019 market as Hong Kong businesses reel from coronavirus, protest movement<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s notoriously pricey office rental sector is fast becoming a tenants\u2019 market as last...<\/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-115188","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-tXS","jetpack-related-posts":[{"id":111786,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-protests-hit-business-landlords-offer-hk1-rents-in-citys-most-expensive-office-towers\/","url_meta":{"origin":115188,"position":0},"title":"As Hong Kong protests hit business, landlords offer HK$1 rents in city\u2019s most expensive office towers","date":"October 22, 2019","format":false,"excerpt":"\r Some landlords are getting desperate in attracting tenants to their offices in Hong Kong, as more than four months of civic unrest have deterred many companies \u2013 especially mainland Chinese tenants more willing to pay top dollar for marquee addresses \u2013 from expanding their businesses in the world\u2019s costliest\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116643,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-tenants-call-the-shots-can-work-from-home-inflict-more-damage-to-hong-kong-office-market\/","url_meta":{"origin":115188,"position":1},"title":"As tenants call the shots, can work-from-home inflict more damage to Hong Kong office market?","date":"May 26, 2020","format":false,"excerpt":"\r Some companies in Hong Kong are exploring ways to extend the work-from-home arrangement after a successful spell during the coronavirus pandemic, challenging the value of office space in the world\u2019s most expensive market, some consultants said.The chance to roll back office rental bills would be a welcome relief for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":124737,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coronavirus-hong-kong-finance-chief-calls-for-solidarity-as-he-asks-big-landlords-to-offer-rental-aid-to-struggling-tenants\/","url_meta":{"origin":115188,"position":2},"title":"Coronavirus Hong Kong: finance chief calls for \u2018solidarity\u2019 as he asks big landlords to offer rental aid to struggling tenants","date":"February 27, 2022","format":false,"excerpt":"\r Hong Kong\u2019s financial chief weighed in on discussions on whether developers and big landlords should offer rental aid to struggling tenants, saying on Sunday they should provide \u201cbreathing space\u201d to help businesses ride out the fifth wave of Covid-19 infections.Financial Secretary Paul Chan Mo-po\u2019s appeal came a day after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-in-central-hong-kong-slash-rents-by-more-than-a-third-as-vacancy-climbs-to-six-year-high-amid-economy-crushed-by-coronavirus\/","url_meta":{"origin":115188,"position":3},"title":"Landlords in Central, Hong Kong slash rents by more than a third as vacancy climbs to six-year high amid economy crushed by coronavirus","date":"May 12, 2020","format":false,"excerpt":"\r Hong Kong\u2019s major landlords of premium office space in Central are cutting rents by more than a third \u2013 returning them to 2017 levels \u2013 as the sharp economic contraction caused by the coronavirus forces corporate tenants either to downsize or move somewhere cheaper.The vacancy rate in Central, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":119239,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-banks-lose-appetite-for-prime-space-in-worlds-costliest-city-as-work-from-home-becomes-permanent-post-covid\/","url_meta":{"origin":115188,"position":4},"title":"Hong Kong banks lose appetite for prime space in world\u2019s costliest city as work-from-home becomes permanent post-Covid","date":"November 13, 2020","format":false,"excerpt":"\r Demand for Hong Kong\u2019s prime office space is likely to fall as some of the city\u2019s biggest banks, including Standard Chartered and HSBC, are considering more flexible working arrangements after their success during the coronavirus pandemic, according to market observers.Financial companies are some of the biggest commercial renters in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104653,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-renters-outpace-western-tenants-as-biggest-spenders-for-luxury-rental-homes-in-hong-kong\/","url_meta":{"origin":115188,"position":5},"title":"Mainland renters outpace Western tenants as biggest spenders for luxury rental homes in Hong Kong","date":"March 4, 2019","format":false,"excerpt":"\r Corporate tenants from the mainland have overtaken their Western peers as the dominant force in Hong Kong\u2019s luxury residential leasing sector, as a growing number of Chinese firms establish \u00adoffices in the city.The top-end of the luxury residential leasing market has seen an uptick in demand in recent months,\u2026","rel":"","context":"In "Property 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