Prime office rents in Hong Kong’s Central business district rose modestly in November – the first time in three and a half years – on the back of an overall improvement in vacancy rates, which helped buttress the negotiating stance of landlords, according to property consultancy JLL.
Rents in Central inched up 0.1 per cent to HK$72.90 (US$9.36) per square foot from October, as the number of empty offices decreased slightly to 13.1 per cent from 13.4 per cent, JLL said. The last time that rents…
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