Aerial view of The Excelsior Hotel (centre) in Causeway Bay, which was closed for redevelopment into a commercial office tower, on 9 October 2018. Photo: Roy Issa.
Aerial view of The Excelsior Hotel (centre) in Causeway Bay, which was closed for redevelopment into a commercial office tower, on 9 October 2018. Photo: Roy Issa.
Business

Offices may decamp to Hong Kong’s Causeway Bay amid rental crash in the world’s costliest retail strip

  • The monthly net office rent in Causeway Bay averaged HK$60.4 (US$7.74) per square foot, about half the charge in Central, according to Knight Frank
  • Central’s October rent rose 0.5 per cent from a month earlier, while Causeway Bay was unchanged

Topic |   Hong Kong property
Cheryl Arcibal
Cheryl Arcibal

Updated: 8:30am, 8 Dec, 2021

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Aerial view of The Excelsior Hotel (centre) in Causeway Bay, which was closed for redevelopment into a commercial office tower, on 9 October 2018. Photo: Roy Issa.
Aerial view of The Excelsior Hotel (centre) in Causeway Bay, which was closed for redevelopment into a commercial office tower, on 9 October 2018. Photo: Roy Issa.
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