South China Morning Post
AsiaPac · 4 mins ago
✦ 78◉ Centre
Hong Kong’s Central office rents set to reverse multi-year slump with gains in second half
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◉ Centre ✓ Fair headline
Hong Kong's Central district office rents are forecast to reverse a years-long decline, with analysts projecting gains in the second half of the year following a 1.7% rise from October lows.
Hong Kong’s Central office rents set to reverse multi-year slump with gains in second half
Office rents in Hong Kong’s Central district are expected to rise faster in the second quarter of the year, according to analysts, a reversal of a multi-year slump that began in the second half of 2019.
The latest forecast was made by US bank Citi, which said premium offices in the city’s main business zone had seen rents rise 1.7 per cent from a trough in October, with room for further increments between the second half this year and 2027.
“Lease negotiation dynamics had started to favour...
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