Tuesday 19 October 2021
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scmp - 7 days ago

Hong Kong’s office rental market shows signs of recovery as more space is taken up than vacated for first time in two years

Hong Kong’s office rental market is showing signs of recovery after being battered by 2019’s social unrest and the Covid-19 pandemic that immediately followed it.The three months to September saw “net absorption” for the first time in two years, meaning more space was taken up than left empty, according to Cushman Wakefield.The property services giant halved its forecast for the overall average rental decline this year from a range of 8 to 13 per cent to between 4 and 6 per cent. The average…


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