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Home / China News / World’s costliest offices are poised to enter tenants’ market as Hong Kong businesses reel from coronavirus, protest movement

World’s costliest offices are poised to enter tenants’ market as Hong Kong businesses reel from coronavirus, protest movement

Posted on March 26, 2020, 9:00 pm
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Hong Kong’s notoriously pricey office rental sector is fast becoming a tenants’ market as last year’s protest movement and the current coronavirus pandemic have prompted struggling companies to bail on their leases.A huge increase in firms, from co-working space providers to finance companies and retailers, abandoning their offices before the contracts expire has helped free up space and contributed to a fall in rental rates.“Given that real estate is one of the single largest costs in…

World’s costliest offices are poised to enter tenants’ market as Hong Kong businesses reel from coronavirus, protest movement

Posted on March 26, 2020, 9:00 pm
FavoriteLoadingAdd to favorites 40 secs
Hong Kong’s notoriously pricey office rental sector is fast becoming a tenants’ market as last year’s protest movement and the current coronavirus pandemic have prompted struggling companies to bail on their leases.A huge increase in firms, from co-working space providers to finance companies and retailers, abandoning their offices before the contracts expire has helped free up space and contributed to a fall in rental rates.“Given that real estate is one of the single largest costs in…