Hong Kong office rents slid nearly 19% amid Covid-19 pandemic, likely to drop another 16% next year
STOCKS
Hong Kong office rents slid nearly 19% amid Covid-19 pandemic, likely to drop another 16% next year
STOCKS

Hong Kong office rents slid nearly 19% amid Covid-19 pandemic, likely to drop another 16% next year

 

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The cost to rent Grade A office space in Hong Kong has fallen by an average of 18.7 per cent in the first 11 months as the Covid-19 pandemic takes its toll on the economy and encourages people to work from home.

The rent has declined for seven consecutive quarter, returning the levels seen in the second quarter of 2018.

Rents in Hong Kong's Central District, which once had some of the most expensive leases in the world, dropped by an average of 21.3 per cent during the period, according to . . .

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