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New York, HK offer world's lowest office yields

Published Mon, Feb 9, 2015 · 09:50 PM

Sydney

HONG Kong and New York offer the lowest returns for offices among the world's major markets even as prices increase because of demand for high-quality properties, according to broker Savills plc.

Grade-A commercial properties in Hong Kong's central business district yielded 2.85 per cent and New York's 3.29 per cent after excluding tenant incentives, the Savills/Deakin University World Office Yield Spectrum, released on Monday, showed. San Francis…

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