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.
- 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