Shanghai in China is emerging as the preferred location for the regional headquarters of luxury fashion retailers. Photo: Xinhua
Shanghai in China is emerging as the preferred location for the regional headquarters of luxury fashion retailers. Photo: Xinhua

Relocation of top luxury brands’ regional headquarters to China likely to weigh further on Hong Kong office rents

  • Many luxury retailers are looking to shift their regional operations to China to be close to their main growth market
  • Grade A office rents to decline by 5 to 10 per cent this year, after falling 17 per cent in 2020, says Savills

Shanghai in China is emerging as the preferred location for the regional headquarters of luxury fashion retailers. Photo: Xinhua
Shanghai in China is emerging as the preferred location for the regional headquarters of luxury fashion retailers. Photo: Xinhua
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