A woman wearing a face mask walks past office buildings in Beijing. Photo: Reuters
The View by Nicholas Spiro
How the coronavirus crisis is testing Asia’s commercial property industry
The outbreak comes at a time when Asia’s office markets have already weakened and retail rents have declined – especially in Hong Kong. The virus-induced hit to growth is likely to accelerate the decentralisation trend in the office sector
Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.