Shops in Causeway Bay closed early after protesters rallied against a new anti-face mask law on Friday, October 4. Photo: Roy Issa

Hong Kong protests: short-term leases for street-level shops could become the norm if no end to unrest, Knight Frank says

  • Short-term leases first emerged around mid-July, when pressure was first felt by retailers, Knight Frank says
  • Landlords commonly require that tenants sign two to three-year leases, with an option of renewal
Topic |   Retail properties

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Shops in Causeway Bay closed early after protesters rallied against a new anti-face mask law on Friday, October 4. Photo: Roy Issa
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Office rents in Admiralty fell in the third quarter where large scale protests against the now-withdrawn extradition have been taking place since June. Photo: Roy Issa

Hong Kong protests weigh on office market as available space in Central rises to 14-year high, rents fall 3.2 per cent

  • Third-quarter office rents in Central, Admiralty and Sheung Wan saw the biggest quarterly drop since 2012, Cushman & Wakefield says
  • Rentals in core areas for office space are likely to continue to decline over the coming months
Topic |   Hong Kong protests

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Office rents in Admiralty fell in the third quarter where large scale protests against the now-withdrawn extradition have been taking place since June. Photo: Roy Issa
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