{"id":123683,"date":"2021-12-08T07:30:13","date_gmt":"2021-12-08T00:30:13","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/"},"modified":"2021-12-08T08:08:22","modified_gmt":"2021-12-08T01:08:22","slug":"offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","title":{"rendered":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip"},"content":{"rendered":"


\nCauseway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about half the HK$113.6 per square foot in the city\u2019s Central financial hub, according to Knight Frank. Central\u2019s October rent rose 0.5 per cent from a month earlier, while Causeway Bay was\u2026
\n
\nSource : South China Morning Post
\nRead more…Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in...<\/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-123683","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-waT","jetpack-related-posts":[{"id":123394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/burberry-joins-prada-la-perla-in-exiting-hong-kongs-russell-street-once-the-worlds-most-expensive-retail-rental-strip\/","url_meta":{"origin":123683,"position":0},"title":"Burberry joins Prada, La Perla in exiting Hong Kong\u2019s Russell Street, once the world\u2019s most expensive retail rental strip","date":"November 23, 2021","format":false,"excerpt":"\r British luxury fashion house Burberry will shut its flagship store on Hong Kong\u2019s Russell Street, once the world\u2019s most expensive shopping strip, after a 10-year lease expires early next year, according to sources.The iconic brand, known for its trademark check pattern, has maintained a presence in the Causeway Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101229,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-russell-street-takes-over-from-new-yorks-5th-avenue-as-worlds-most-expensive-place-to-rent-shops\/","url_meta":{"origin":123683,"position":1},"title":"Causeway Bay\u2019s Russell Street takes over from New York\u2019s 5th Avenue as world\u2019s most expensive place to rent shops","date":"November 14, 2018","format":false,"excerpt":"\r Russell Street in Hong Kong\u2019s Causeway Bay district has replaced New York\u2019s Upper 5th Avenue as the world\u2019s most expensive retail street by rental value, according to property consultants Cushman & Wakefield. For the first time in five years, the city has regained the crown with average annual rents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71945,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-causeway-bay-remains-as-worlds-second-most-expensive-retail-district\/","url_meta":{"origin":123683,"position":2},"title":"Hong Kong\u2019s Causeway Bay remains as world\u2019s second most expensive retail district","date":"November 16, 2017","format":false,"excerpt":"\r Hong Kong\u2019s Causeway Bay has retained its title as the world\u2019s second most expensive retail location, despite a decline in rents this year, according to a new report that tracks the most expensive shopping streets in the world. With an annual per square foot rent of US$2,725, Causeway Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit\/","url_meta":{"origin":123683,"position":3},"title":"Tsim Sha Tsui now Hong Kong\u2019s most expensive retail area, with Causeway Bay luxury sales hit","date":"July 9, 2020","format":false,"excerpt":"\r Tsim Sha Tsui, located on the tip of Kowloon peninsula, has emerged as Hong Kong\u2019s most expensive retail neighbourhood for the first time in its history. Causeway Bay, which had held the accolade until now, has been hit harder by sluggish luxury goods sales.Tsim Sha Tsui, which is home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bonjour-says-au-revoir-the-second-major-retailer-to-leave-worlds-costliest-high-street-amid-protests\/","url_meta":{"origin":123683,"position":4},"title":"Bonjour says au revoir, the second major retailer to leave world\u2019s costliest high street amid protests","date":"October 30, 2019","format":false,"excerpt":"\r Hong Kong\u2019s Russell Street, the world\u2019s most expensive retail strip, is slipping fast from its perch, with rents falling by more than 50 per cent from their peak in 2013.In the latest sign that the city\u2019s retailers are struggling to cope with the consequences of the more than five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147214,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/omega-leases-another-shop-in-hong-kongs-causeway-bay-as-agents-see-retail-leasing-pickup\/","url_meta":{"origin":123683,"position":5},"title":"Omega leases another shop in Hong Kong\u2019s Causeway Bay as agents see retail leasing pickup","date":"September 28, 2024","format":false,"excerpt":"\r Swiss luxury watchmaker Omega is leasing another shop on Russell Street, once the world\u2019s priciest retail strip, for US$51,404 a month.\r \r Source : South China Morning Post\r Read more...Omega leases another shop in Hong Kong\u2019s Causeway Bay as agents see retail leasing pickup","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\/123683"}],"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=123683"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123683\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}