People wearing protective masks walk through Hong Kong’s Central district, the world’s most expensive office market, on April 27. The combination of an increase in supply in Central in the coming years and a narrower rental gap could provide opportunities for tenants in non-core districts to relocate back to Central. Photo: Bloomberg People wearing protective masks walk through Hong Kong’s Central district, the world’s most expensive office market, on April 27. The combination of an increase in supply in Central in the coming years and a narrower rental gap could provide opportunities for tenants in non-core districts to relocate back to Central. Photo: Bloomberg
People wearing protective masks walk through Hong Kong’s Central district, the world’s most expensive office market, on April 27. The combination of an increase in supply in Central in the coming years and a narrower rental gap could provide opportunities for tenants in non-core districts to relocate back to Central. Photo: Bloomberg
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Why Hong Kong’s property market will benefit from falling office rent in pricey Central

  • While the economic downturn that has led to a decline in both rent and leasing activity in the world’s most expensive office market is worrying, a narrower rental gap between Central and other districts would set up the market for a healthier, more stable recovery

Nicholas Spiro
Nicholas Spiro

Updated: 10:05am, 23 Jun, 2020

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People wearing protective masks walk through Hong Kong’s Central district, the world’s most expensive office market, on April 27. The combination of an increase in supply in Central in the coming years and a narrower rental gap could provide opportunities for tenants in non-core districts to relocate back to Central. Photo: Bloomberg People wearing protective masks walk through Hong Kong’s Central district, the world’s most expensive office market, on April 27. The combination of an increase in supply in Central in the coming years and a narrower rental gap could provide opportunities for tenants in non-core districts to relocate back to Central. Photo: Bloomberg
People wearing protective masks walk through Hong Kong’s Central district, the world’s most expensive office market, on April 27. The combination of an increase in supply in Central in the coming years and a narrower rental gap could provide opportunities for tenants in non-core districts to relocate back to Central. Photo: Bloomberg
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Nicholas Spiro

Nicholas Spiro

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.