Central remains the world’s most expensive office market, but a rental correction is bringing its rates closer to its peers. Photo: AFP Central remains the world’s most expensive office market, but a rental correction is bringing its rates closer to its peers. Photo: AFP
Central remains the world’s most expensive office market, but a rental correction is bringing its rates closer to its peers. Photo: AFP
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Hong Kong office market recovery is falling into place as Central rents plunge

  • Successive shocks in the past three years have made Hong Kong’s central business district more competitive compared to its global and regional peers
  • More falls in rents, decentralisation, improved connectivity and renewed mainland interest in Hong Kong will drive a revival in leasing and investment activity

Central remains the world’s most expensive office market, but a rental correction is bringing its rates closer to its peers. Photo: AFP Central remains the world’s most expensive office market, but a rental correction is bringing its rates closer to its peers. Photo: AFP
Central remains the world’s most expensive office market, but a rental correction is bringing its rates closer to its peers. Photo: AFP
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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.