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Tag: office rents

Hong Kong office tenants pay world’s second-highest annual costs, Savills says
  • Hong Kong News

Hong Kong office tenants pay world’s second-highest annual costs, Savills says

Cs news3 months ago03 mins

Hong Kong office tenants pay the second-highest costs in the world for prime space, behind only tenants in London’s West End, according to research by property consultancy Savills. Office space in Hong Kong cost an estimated US$228 per square foot per year including rent and fit-out costs, according to the study, which tracked prime offices…

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‘Too little too late’: Hong Kong’s land sale halt may do little to ease office supply glut
  • Hong Kong News

‘Too little, too late’: Hong Kong’s land sale halt may do little to ease office supply glut

Cs news5 months ago03 mins

The Hong Kong government’s 12-month halt on the sale of commercial land will have limited effect in easing the supply glut in the city’s offices, as the moratorium does too little too late to slow the biggest onslaught of newly completed space in 17 years, according to several consultants. “Taking into account the high vacancy…

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‘Too little too late’: Hong Kong’s land sale halt may do little to ease office supply glut
  • Hong Kong News

‘Too little too late’: Hong Kong’s land sale halt may do little to ease office supply glut

Cs news5 months ago03 mins

The Hong Kong government’s 12-month halt on the sale of commercial land will have limited effect in easing the supply glut in the city’s offices, as the moratorium does too little too late to slow the biggest onslaught of newly completed space in 17 years, according to several consultants. “Taking into account the high vacancy…

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