With uncertainty plaguing Hong Kong’s economy as political unrest and the lingering effect of the coronavirus pandemic continues to hamper business, rents slid 2.2 percent in May and vacancies reached numbers not seen since the global financial crisis of 2008.
The COVID-19 pandemic continues to batter Hong Kong real estate, with rents in the world’s most expensive office spaces suffering the steepest month-on-month drop in more than a decade, according to a report this week by JLL.
The property consultancy… Read More>>
Grade A office rents in Shanghai continued their downward slide in the fourth quarter of 2019 as the citywide vacancy rate hit 20 percent, according to a report published by Cushman & Wakefield this week.
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Hong Kong’s Central district remained the most expensive place in the world for premium office rental costs as of the end of the third quarter, with the district’s rents far ahead of the second city on the list, New York,… Read More>>
Offshore incorporation specialists Maples and Calder, are giving up the 53rd floor of The Center on Hong Kong’s Queen’s Road, as yet another international company flees the world-leading rents of Hong Kong’s Central district.
The law firm’s new home will… Read More>>
Singapore office rents are projected to surge by over 25 percent from 2017 through 2019, leading the pack among Asia Pacific markets and more than twice as fast as downtown Hong Kong, according to Cushman & Wakefield.
The forecasts by… Read More>>