High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong
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

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High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong
High vacancy rates and a desire to retain existing tenants meant Tsim Sha Tsui office rents fell in the second quarter. Photo: Felix Wong
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