{"id":42361,"date":"2017-01-31T11:44:43","date_gmt":"2017-01-31T04:44:43","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-record-office-rents-drive-more-firms-out-of-central-to-outer-suburbs\/"},"modified":"2017-01-31T12:00:48","modified_gmt":"2017-01-31T05:00:48","slug":"hong-kongs-record-office-rents-drive-more-firms-out-of-central-to-outer-suburbs","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-record-office-rents-drive-more-firms-out-of-central-to-outer-suburbs\/","title":{"rendered":"Hong Kong\u2019s record office rents drive more firms out of Central to outer suburbs"},"content":{"rendered":"


\nMore European and US companies operating in Hong Kong are moving out of the city\u2019s Central district, relocating their offices to outer suburbs to save on rent in the world\u2019s costliest major urban centre.
\nIn the latest sign of the change, legal firm Freshfields Bruckhaus Deringer and asset manager Alliance Bernstein will both move out of Central to relocate to Quarry Bay, where the average rental rate is listed at less than half of their current leases.
\nLondon-based Freshfields will…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s record office rents drive more firms out of Central to outer suburbs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More European and US companies operating in Hong Kong are moving out of the city\u2019s...<\/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-42361","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-b1f","jetpack-related-posts":[{"id":54165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-firms-relocate-their-hong-kong-offices-to-outer-suburbs-as-mainland-companies-take-over-central\/","url_meta":{"origin":42361,"position":0},"title":"Foreign firms relocate their Hong Kong offices to outer suburbs as mainland companies take over Central","date":"May 9, 2017","format":false,"excerpt":"\r As mainland companies continue to swoop on trophy buildings in Hong Kong\u2019s Central district, foreign multinationals are relocating their Hong Kong offices to outer suburbs. According to new findings from real estate services firm JLL, the total number of new lettings in Central is down 47 per cent month-on-month\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-companies-including-law-firms-moving-out-of-hong-kongs-cbd-but-not-just-to-escape-high-rents\/","url_meta":{"origin":42361,"position":1},"title":"More companies, including law firms, moving out of Hong Kong\u2019s CBD \u2014 but not just to escape high rents","date":"May 19, 2016","format":false,"excerpt":"\r With rents continuing to edge higher and vacancy rates for Grade A offices in Central getting tighter, many companies, including law firms, have been seeking office space out of the Central Business District.\r \r Source : South China Morning Post\r Read more...More companies, including law firms, moving out of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104012,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-district-to-fall-by-up-to-7-per-cent-as-trade-war-dampens-chinese-firms-expansion-plans-says-knight-frank\/","url_meta":{"origin":42361,"position":2},"title":"Office rents in Hong Kong\u2019s Central district to fall by up to 7 per cent as trade war dampens Chinese firms\u2019 expansion plans, says Knight Frank","date":"February 15, 2019","format":false,"excerpt":"\r Prime office rents in the Central business district are forecast to decline by as much as 7 per cent this year as mainland Chinese companies pare back their expansion plans amid uncertainties ranging from the US-China trade war to cooling domestic economic growth, according to Knight Frank\u2019s latest global\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86415,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/flood-of-chinese-tech-firms-will-push-up-office-rents-in-hong-kongs-tst-say-analysts\/","url_meta":{"origin":42361,"position":3},"title":"Flood of Chinese tech firms will push up office rents in Hong Kong\u2019s TST, say analysts","date":"April 25, 2018","format":false,"excerpt":"\r Office rents in Hong Kong\u2019s Tsim Sha Tsui district are set to jump this year, say analysts, as a plentiful supply of space and vastly improved transport links make it the top choice of mainland Chinese technology firms. A dearth of office space in the city\u2019s main business district,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100975,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-district-may-drop-for-first-time-since-2013-says-colliers\/","url_meta":{"origin":42361,"position":4},"title":"Office rents in Hong Kong\u2019s Central district may drop for first time since 2013, says Colliers","date":"November 7, 2018","format":false,"excerpt":"\r Hong Kong\u2019s Central district, the world\u2019s most expensive office address, will see rents fall next year for the first time since 2013, according to Colliers International. The tanking stock market, rising interest rates and the US-China trade war are all taking a toll on the confidence of financial firms,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/office-rents-in-hong-kongs-central-the-most-expensive-on-the-planet-will-only-go-up-even-amid-exodus-says-districts-biggest-landlord\/","url_meta":{"origin":42361,"position":5},"title":"Office rents in Hong Kong\u2019s Central, the most expensive on the planet, will only go up even amid exodus, says district\u2019s biggest landlord","date":"October 2, 2018","format":false,"excerpt":"\r Office rents in Hong Kong\u2019s Central district, already the planet\u2019s most expensive, are likely to remain sky high even as more firms are moving out of the city centre in search of cheaper accommodation. That\u2019s according to Raymond Chow, executive director for commercial property at Hongkong Land, Central\u2019s largest\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\/42361"}],"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=42361"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}