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Property agencies are painting a gloomy picture of Hong Kong's office market, expecting office demand to drop sharply this year, as the market is hurt by the months-long social unrests and the ongoing coronavirus outbreak.
Real estate consultancy Cushman & Wakefield revised its forecasts for Hong Kong office rents to fall as much as 18 per cent this year while retail rents to drop as much as 40 per cent in the first half of the year.
Renting of office and high-street shops in prime districts, such as Central and Causeway Bay . . .
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