{"id":119337,"date":"2020-11-25T06:30:05","date_gmt":"2020-11-24T23:30:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/desperate-hong-kong-office-landlords-may-ditch-fixed-monthly-rent-for-membership-schemes-to-lure-tenants-as-covid-19-changes-work-habits-says-jll\/"},"modified":"2020-11-25T07:03:13","modified_gmt":"2020-11-25T00:03:13","slug":"desperate-hong-kong-office-landlords-may-ditch-fixed-monthly-rent-for-membership-schemes-to-lure-tenants-as-covid-19-changes-work-habits-says-jll","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/desperate-hong-kong-office-landlords-may-ditch-fixed-monthly-rent-for-membership-schemes-to-lure-tenants-as-covid-19-changes-work-habits-says-jll\/","title":{"rendered":"Desperate Hong Kong office landlords may ditch fixed monthly rent for \u2018membership\u2019 schemes to lure tenants as Covid-19 changes work habits, says JLL"},"content":{"rendered":"


\nHong Kong\u2019s office rental market is likely to undergo a radical change, with some landlords switching to a \u201ctiered membership\u201d model similar to that used by co-working space providers, according to property services giant JLL.As the Covid-19 pandemic continues to wreak havoc in the world\u2019s most expensive commercial property market, landlords are coming under increasing pressure to compete for corporate tenants, many of whom are adopting more flexible working arrangements and drastically cutting\u2026
\n
\nSource : South China Morning Post
\nRead more…Desperate Hong Kong office landlords may ditch fixed monthly rent for \u2018membership\u2019 schemes to lure tenants as Covid-19 changes work habits, says JLL<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s office rental market is likely to undergo a radical change, with some landlords...<\/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-119337","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-v2N","jetpack-related-posts":[{"id":154228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-hong-kong-office-rents-plummet-landlords-upgrade-with-video-walls-to-lure-tenants\/","url_meta":{"origin":119337,"position":0},"title":"As Hong Kong office rents plummet, landlords upgrade with video walls to lure tenants","date":"May 26, 2025","format":false,"excerpt":"\r JLL says nearly 44 per cent of Hong Kong\u2019s grade A office space is more than 30 years old.\r \r Source : South China Morning Post\r Read more...As Hong Kong office rents plummet, landlords upgrade with video walls to lure tenants","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118863,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/desperate-landlords-offer-renovation-subsidies-to-lure-tenants-as-hong-kongs-vacant-office-space-hits-21-year-high\/","url_meta":{"origin":119337,"position":1},"title":"Desperate landlords offer renovation subsidies to lure tenants as Hong Kong\u2019s vacant office space hits 21-year high","date":"October 8, 2020","format":false,"excerpt":"\r Hong Kong\u2019s commercial landlords are offering incentives such as renovation subsidies to lure tenants, as the amount of office space lying empty reaches the highest level in 21 years, according to property services company CBRE.Some landlords have begun offering a one-off subsidy to help new tenants fit out their\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149640,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-office-landlords-in-defensive-mode-amid-supply-glut-relocation-trend\/","url_meta":{"origin":119337,"position":2},"title":"Hong Kong office landlords in \u2018defensive\u2019 mode amid supply glut, relocation trend","date":"February 26, 2025","format":false,"excerpt":"\r \u2018Flight to quality\u2019 of tenants is \u2018absolutely going to continue\u2019 with lots of new supply hitting the market, JLL analyst says.\r \r Source : South China Morning Post\r Read more...Hong Kong office landlords in \u2018defensive\u2019 mode amid supply glut, relocation trend","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":153420,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-landlords-combat-tough-retail-environment-by-offering-rent-discounts-to-tenants\/","url_meta":{"origin":119337,"position":3},"title":"Hong Kong landlords combat tough retail environment by offering rent discounts to tenants","date":"May 14, 2025","format":false,"excerpt":"\r Hong Kong landlords offer significant discounts to attract tenants amid ongoing retail challenges, reduced tourist spending.\r \r Source : South China Morning Post\r Read more...Hong Kong landlords combat tough retail environment by offering rent discounts to tenants","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":157496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-cant-hong-kong-retail-landlords-cut-rents-for-struggling-tenants\/","url_meta":{"origin":119337,"position":4},"title":"Why can\u2019t Hong Kong retail landlords cut rents for struggling tenants?","date":"July 13, 2025","format":false,"excerpt":"\r In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and a hard place: giving tenants a break on rent makes it harder to pay mortgages and threatens asset value, but holding the line on rent runs the risk of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118032,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-times-square-fashion-walk-malls-report-big-losses-as-covid-19-crisis-prompts-desperate-plea-for-rent-relief-from-tenants\/","url_meta":{"origin":119337,"position":5},"title":"Owners of Times Square, Fashion Walk malls report big losses as Covid-19 crisis prompts desperate plea for rent relief from tenants","date":"July 31, 2020","format":false,"excerpt":"\r Two of Hong Kong\u2019s biggest commercial landlords, Hang Lung and Wharf Reic, posted huge losses in the first half of the year as Covid-19 \u201cdestroyed the global economy\u201d and condemned retail sales to 17 straight months of decline.The disappointing results for the two mall owners came as organisations representing\u2026","rel":"","context":"In "Property 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