{"id":85058,"date":"2018-04-12T07:01:30","date_gmt":"2018-04-12T00:01:30","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/multinationals-set-to-leave-hong-kongs-prime-office-district-central-in-search-of-cheaper-rents\/"},"modified":"2018-04-12T08:03:27","modified_gmt":"2018-04-12T01:03:27","slug":"multinationals-set-to-leave-hong-kongs-prime-office-district-central-in-search-of-cheaper-rents","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/multinationals-set-to-leave-hong-kongs-prime-office-district-central-in-search-of-cheaper-rents\/","title":{"rendered":"Multinationals set to leave Hong Kong\u2019s prime office district Central in search of cheaper rents"},"content":{"rendered":"


\nMore multinational companies will leave Hong Kong\u2019s Central district, where rents have become too expensive, with some even considering leaving the city altogether.
\nAverage office rents continue to rise in greater Central, which includes the districts of Central, Admiralty and Sheung Wan. In the first quarter, rents jumped by 8.7 per cent from the same period a year ago to HK$134.3 (US$17.1) per square foot a month, according latest figures provided by US commercial real estate services…
\n
\nSource : South China Morning Post
\nRead more…Multinationals set to leave Hong Kong\u2019s prime office district Central in search of cheaper rents<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More multinational companies will leave Hong Kong\u2019s Central district, where rents have become too expensive,...<\/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-85058","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-m7U","jetpack-related-posts":[{"id":112544,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-prime-office-rents-fall-by-most-in-a-decade-as-protests-chill-market-chinese-companies-retreat\/","url_meta":{"origin":85058,"position":0},"title":"Hong Kong\u2019s prime office rents fall by most in a decade as protests chill market, Chinese companies retreat","date":"November 22, 2019","format":false,"excerpt":"\r More than five months of social unrest in Hong Kong is starting to hurt prime office landlords with rent falling by the most in a decade as multinationals downsized and mainland Chinese firms retreated from the city.\r\rOverall rents in Grade A offices fell 1.6 per cent to HK$74.30 (US$9.50)\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94429,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gentrifying-wong-chuk-hang-on-the-up-and-up-as-hong-kongs-business-hub-with-cheaper-rents\/","url_meta":{"origin":85058,"position":1},"title":"Gentrifying Wong Chuk Hang on the up and up as Hong Kong\u2019s business hub with cheaper rents","date":"July 23, 2018","format":false,"excerpt":"\r A growing number of international financial institutions are planning to relocate away from traditional prime areas as they look for larger and cheaper office space and within easy reach of the city\u2019s main business district. And Wong Chuk Hang fits the bill perfectly. With rents for grade A offices\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":85058,"position":2},"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":[]},{"id":165723,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-central-prime-office-rents-are-up-for-the-first-time-in-over-3-years\/","url_meta":{"origin":85058,"position":3},"title":"Hong Kong\u2019s Central prime office rents are up for the first time in over 3 years","date":"November 25, 2025","format":false,"excerpt":"\r Prime office rents in Hong Kong\u2019s Central business district rose modestly in November \u2013 the first time in three and a half years \u2013 on the back of an overall improvement in vacancy rates, which helped buttress the negotiating stance of landlords, according to property consultancy JLL. Rents in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127111,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/broker-exodus-high-rents-and-electronic-trading-have-seen-more-than-half-of-hong-kongs-brokerages-leave-central-since-1997\/","url_meta":{"origin":85058,"position":4},"title":"Broker exodus: high rents and electronic trading have seen more than half of Hong Kong\u2019s brokerages leave Central since 1997","date":"June 22, 2022","format":false,"excerpt":"\r About half of the city\u2019s brokerage firms today are in Wan Chai, Causeway Bay and farther-flung districts \u2013 a big change from the pre-handover days when rents were lower and electronic trading did not exist.\r \r Source : South China Morning Post\r Read more...Broker exodus: high rents and electronic\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":85058,"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\/85058"}],"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=85058"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/85058\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=85058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=85058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=85058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}