{"id":59777,"date":"2017-07-04T21:58:22","date_gmt":"2017-07-04T14:58:22","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-firms-keep-central-rents-as-worlds-highest\/"},"modified":"2017-07-04T22:13:51","modified_gmt":"2017-07-04T15:13:51","slug":"mainland-firms-keep-central-rents-as-worlds-highest","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-firms-keep-central-rents-as-worlds-highest\/","title":{"rendered":"Mainland firms keep Central rents as world\u2019s highest"},"content":{"rendered":"


\nOffice rents in Central remain the world\u2019s most expensive, thanks to demand from mainland Chinese companies which pushed them to a record high in the second quarter of this year.
\nAverage rents for the period stood at US$16.2 (HK$139.2) per square foot in greater Central, compared to US$12.4 per sq ft in London\u2019s West End, and a mere US$9.1 per sq ft in Tokyo\u2019s CBD, according to the latest research from property consultancy Cushman & Wakefield.
\nGreater Central includes…
\n
\nSource : South China Morning Post
\nRead more…Mainland firms keep Central rents as world\u2019s highest<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Office rents in Central remain the world\u2019s most expensive, thanks to demand from mainland Chinese...<\/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-59777","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-fy9","jetpack-related-posts":[{"id":122091,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-chinese-firms-likely-to-need-another-4-million-sq-ft-in-office-space-in-hong-kong-colliers-says\/","url_meta":{"origin":59777,"position":0},"title":"Mainland Chinese firms likely to need another 4 million sq ft in office space in Hong Kong, Colliers says","date":"September 20, 2021","format":false,"excerpt":"\r Mainland Chinese companies are likely to require an additional 4 million sq ft of office space in Hong Kong by 2025, according to Colliers.Estimates based on a report published by the property consultancy on Monday suggest that these companies will occupy 18.06 million sq ft in Hong Kong in\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":59777,"position":1},"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":92694,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-central-remains-the-worlds-most-expensive-office-address-for-the-third-straight-year\/","url_meta":{"origin":59777,"position":2},"title":"Hong Kong\u2019s Central remains the world\u2019s most expensive office address for the third straight year","date":"June 28, 2018","format":false,"excerpt":"\r Hong Kong\u2019s Central district was the world\u2019s most expensive office address for the third consecutive year, as an influx of mainland Chinese financial firms overwhelmed the city\u2019s supply of grade A space and drove vacancy to a three-year low. The average annual rent in Central rose to US$307 per\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":59777,"position":3},"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":69960,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-heights-for-hong-kong-prime-office-rents-as-mainland-companies-fuel-demand\/","url_meta":{"origin":59777,"position":4},"title":"New heights for Hong Kong prime office rents, as mainland companies fuel demand","date":"October 25, 2017","format":false,"excerpt":"\r Hong Kong has become even more costly in terms of high-end office space, as strong demand among mainland Chinese companies continues to push up rents in the central business district, according to data for the first three quarters of the year. Grade A office rents in Hong Kong rose\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":59777,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59777"}],"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=59777"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/59777\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=59777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=59777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=59777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}