Aerial view of Central, one of Hong Kong’s main business districts, where office vacancy rates have soared. Photo: Roy Issa
World’s costliest offices are poised to enter tenants’ market as Hong Kong businesses reel from coronavirus, protest movement
- A big increase in struggling firms abandoning their offices before the leases expire has contributed to a fall in rental rates
- Firms that gave up office space this year were predominantly mainland Chinese ones and those whose businesses have been hit hard
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Hong Kong property
Aerial view of Central, one of Hong Kong’s main business districts, where office vacancy rates have soared. Photo: Roy Issa