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
Opinion
Opinion
The View
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
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