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Colliers Quarterly | Q1 2020 | Office

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HongKongQuarterlyQ12020Office

Hong Kong’s real estate is experiencing uncertainty which requires both tenants and landlords to be flexible amidst the current conditions. The market needs to look beyond the short-term turbulence and focus on long-term strategy to remain resilient as it operates in a constant evolving landscape.

Office Highlights:

  • Occupiers have negotiated rental discounts amid a consolidated market
  • Rents have corrected across various submarkets in Q1
  • We believe the CBD will see an increase in vacancies and greater rental corrections in 2020, this should provide more discounted options for well-established firms with stable capital flow to relocate there

HongKongQuarterlyQ12020Office1024x972

Colliers Quarterly | Q1 2020 | Office

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