{"id":118743,"date":"2020-09-27T09:00:12","date_gmt":"2020-09-27T02:00:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-office-rents-expected-to-decline-30-per-cent-this-year-as-work-from-home-becomes-more-common-in-mid-to-long-term\/"},"modified":"2020-09-27T10:04:16","modified_gmt":"2020-09-27T03:04:16","slug":"hong-kong-office-rents-expected-to-decline-30-per-cent-this-year-as-work-from-home-becomes-more-common-in-mid-to-long-term","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-office-rents-expected-to-decline-30-per-cent-this-year-as-work-from-home-becomes-more-common-in-mid-to-long-term\/","title":{"rendered":"Hong Kong office rents expected to decline 30 per cent this year, as work from home becomes more common in mid to long term"},"content":{"rendered":"


\nHong Kong\u2019s office leasing market faces a new low this year, with rents declining by as much as 30 per cent, as companies assess their need for space and adopt work from home arrangements because of the coronavirus pandemic, analysts said.Office rents in the city\u2019s Central business district fell by 17 per cent to 18 per cent in the first half of the year, and could drop by between 25 per cent and 30 per cent for the whole year, said Jeff Yau, a Hong Kong property sector analyst at DBS Bank \u2026
\n
\nSource : South China Morning Post
\nRead more…Hong Kong office rents expected to decline 30 per cent this year, as work from home becomes more common in mid to long term<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s office leasing market faces a new low this year, with rents declining by...<\/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-118743","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-uTd","jetpack-related-posts":[{"id":115596,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-rents-are-declining-so-fast-some-investors-might-not-recover-mortgage-payments\/","url_meta":{"origin":118743,"position":0},"title":"Hong Kong home rents are declining so fast, some investors might not recover mortgage payments","date":"April 14, 2020","format":false,"excerpt":"\r Some investors who bought property in Hong Kong during a mid-2019 peak in prices might not even recover their monthly mortgage payments, as rents continue their headlong dive, industry experts said.Average rents have fallen in Hong Kong for eight consecutive months now \u2013 a decline totalling 10.6 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114688,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rents-prices-of-hong-kong-shops-in-core-shopping-districts-could-sink-80-per-cent-in-next-two-to-three-years-property-agency-says\/","url_meta":{"origin":118743,"position":1},"title":"Rents, prices of Hong Kong shops in core shopping districts could sink 80 per cent in next two to three years, property agency says","date":"March 4, 2020","format":false,"excerpt":"\r The rents and prices of shops in Hong Kong\u2019s core shopping districts could plunge to 2006 levels \u2013 a decline of 40 per cent \u2013 by the end of this year, Midland IC&I, an agency that has tracked shop vacancies since 2016, said on Tuesday.Rents and prices could even\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28461,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mid-priced-brands-cash-in-on-falling-hong-kong-rents-at-expense-of-luxury-retailers\/","url_meta":{"origin":118743,"position":2},"title":"Mid-priced brands cash in on falling Hong Kong rents at expense of luxury retailers","date":"October 4, 2016","format":false,"excerpt":"\r Hong Kong may no longer be the darling of European luxury brands after the combined effect of a slower local economy and fewer mainland shoppers as a result of Beijing\u2019s anti-corruption crack down, but the city is still magnet for less expensive luxury brands and mid-priced retailers. Retail sales\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114249,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/henderson-land-cuts-rents-by-up-to-60-per-cent-as-hong-kong-issues-sos-to-support-businesses-protect-jobs\/","url_meta":{"origin":118743,"position":3},"title":"Henderson Land cuts rents by up to 60 per cent as Hong Kong issues SOS to support businesses, protect jobs","date":"February 13, 2020","format":false,"excerpt":"\r Henderson Land Development, run by Hong Kong\u2019s richest tycoon, is reducing rents for its tenants by as much as 60 per cent, joining its peers easing the strain on local businesses hit by the coronavirus outbreak.The developer, which owns retail space in more than 20 shopping malls across the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloomy-outlook-for-central-office-rents-in-hong-kong-as-economic-storm-clouds-gather-analysts-say\/","url_meta":{"origin":118743,"position":4},"title":"Gloomy outlook for Central office rents in Hong Kong, as economic storm clouds gather, analysts say","date":"December 23, 2018","format":false,"excerpt":"\r Rents 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. Monthly office rents in Central and the surrounding\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161590,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-home-prices-rise-slightly-while-rents-near-historic-peak\/","url_meta":{"origin":118743,"position":5},"title":"Hong Kong home prices rise slightly while rents near historic peak","date":"September 26, 2025","format":false,"excerpt":"\r Hong Kong\u2019s lived-in home prices rose by 0.14 per cent in August, according to the latest official data, suggesting a gradual recovery in the city\u2019s struggling residential property market. An official index measuring price movement among the city\u2019s second-hand homes made a modest gain for the fifth straight month,\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\/118743"}],"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=118743"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}