High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong
Office rents were flat or rose modestly in most districts in second quarter
Only district to see rents fall in second quarter was Tsim Sha Tsui, where trend set to continue; prospects brighter for Wan Chai landlords
High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong