{"id":118437,"date":"2020-09-02T07:00:08","date_gmt":"2020-09-02T00:00:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-of-hong-kongs-ginza-style-commercial-buildings-slash-rents-and-target-non-restaurant-tenants-amid-coronavirus-downturn\/"},"modified":"2020-09-02T08:06:50","modified_gmt":"2020-09-02T01:06:50","slug":"landlords-of-hong-kongs-ginza-style-commercial-buildings-slash-rents-and-target-non-restaurant-tenants-amid-coronavirus-downturn","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-of-hong-kongs-ginza-style-commercial-buildings-slash-rents-and-target-non-restaurant-tenants-amid-coronavirus-downturn\/","title":{"rendered":"Landlords of Hong Kong\u2019s \u2018Ginza-style\u2019 commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn"},"content":{"rendered":"


\nLandlords of Hong Kong\u2019s \u201cGinza-style\u201d commercial buildings are slashing rents by up to 40 per cent and shifting their focus away from restaurants and bars to survive the dramatic downturn in the catering and retail sectors caused by the coronavirus pandemic.As rents of street-level shops and restaurants have tumbled, these projects \u2013 buildings typically packed with cafes, bars and small shops on higher floors \u2013 are struggling to retain tenants.With no sign of a rebound in the food and beverage\u2026
\n
\nSource : South China Morning Post
\nRead more…Landlords of Hong Kong\u2019s \u2018Ginza-style\u2019 commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Landlords of Hong Kong\u2019s \u201cGinza-style\u201d commercial buildings are slashing rents by up to 40 per...<\/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-118437","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-uOh","jetpack-related-posts":[{"id":120180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pandemic-leaves-hong-kongs-ginza-style-retail-towers-half-empty-as-bars-restaurants-struggle-for-survival\/","url_meta":{"origin":118437,"position":0},"title":"Pandemic leaves Hong Kong\u2019s \u2018Ginza-style\u2019 retail towers half empty as bars, restaurants struggle for survival","date":"February 5, 2021","format":false,"excerpt":"\r Landlords of Hong Kong\u2019s \u201cGinza-style\u201d high-rises are struggling to retain tenants as restaurants and bars \u2013 normally their bread and butter \u2013 battle to stay afloat during the pandemic.Four such buildings \u2013 typically found on narrow lots with one retail business on each floor reached directly by a lift\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":118437,"position":1},"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":115370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-retail-rents-might-need-to-be-halved-for-tenants-landlords-to-survive-coronavirus-outbreak-developer-says\/","url_meta":{"origin":118437,"position":2},"title":"Hong Kong retail rents might need to be halved for tenants, landlords to survive coronavirus outbreak, developer says","date":"April 3, 2020","format":false,"excerpt":"\r Hong Kong\u2019s retail landlords might have to cut rents by 50 per cent to attract new tenants amid a worsening outbreak of the novel coronavirus, one of the city\u2019s richest developers said.\u201cFor these few months, you\u2019ll probably see a 50 per cent cut in rents for the retail sector,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-near-hong-kongs-universities-on-the-rise-as-more-mainland-chinese-students-return-amid-easing-coronavirus-crisis\/","url_meta":{"origin":118437,"position":3},"title":"Rents near Hong Kong\u2019s universities on the rise as more mainland Chinese students return amid easing coronavirus crisis","date":"July 7, 2022","format":false,"excerpt":"\r An increase in demand from mainland Chinese students as Hong Kong\u2019s coronavirus crisis has eased has boosted the rents in housing estates close to universities, particularly in Kowloon Tong and Sha Tin, according to tenants, landlords and agents.\r \r Source : South China Morning Post\r Read more...Rents near Hong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landlords-bank-on-emerging-concepts-like-art-exhibitions-delivery-only-kitchens-to-lease-vacant-shops\/","url_meta":{"origin":118437,"position":4},"title":"Hong Kong\u2019s retail landlords bank on emerging concepts like art exhibitions, delivery-only kitchens to lease vacant shops","date":"October 5, 2021","format":false,"excerpt":"\r Hong Kong\u2019s retail landscape is undergoing a massive change, as art exhibitors and delivery-only kitchens help landlords fill up empty space in the city, which until recently had the world\u2019s highest commercial real-estate rents.\u201cLandlords are more willing to accept new concepts as they need to shift their strategy to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":128371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landscape-is-changing-as-landlords-lure-restaurants-to-fill-spaces-abandoned-by-shops-during-pandemic\/","url_meta":{"origin":118437,"position":5},"title":"Hong Kong\u2019s retail landscape is changing as landlords lure restaurants to fill spaces abandoned by shops during pandemic","date":"July 30, 2022","format":false,"excerpt":"\r The mix of tenants in malls and at street level is changing as restaurateurs pounce on slumping rents to expand, often taking the spaces left behind by retailers forced to leave during the pandemic.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s retail landscape is changing as\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\/118437"}],"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=118437"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}