People take a selfie on Hong Kong’s Central harbourfront in August 2019. One property adviser has predicted that Grade A office rents will drop between 15 and 20 per cent in 2020. Photo: Nora Tam
Opinion
Opinion
The View
As Hong Kong’s office rental market faces challenging times, decentralisation is the trend to watch
- Net take-up of Grade A office space in Hong Kong plummeted 62 per cent last year
- The gap between the most expensive and cheapest submarkets means the incentive remains for occupiers to relocate to secondary business districts
People take a selfie on Hong Kong’s Central harbourfront in August 2019. One property adviser has predicted that Grade A office rents will drop between 15 and 20 per cent in 2020. Photo: Nora Tam