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Mainland brokerages, asset managers driving HK office rents

Chinese firms expanding as MNCs scale back, seek lower rents to cut costs

"We're seeing individual cases of space being returned, but it's not a trend happening with every (MNC) bank," said Jones Lang LaSalle's Mr Yien. "With a low vacancy rate of 3.7 per cent in Central, I don't see a huge impact on the market."

Hong Kong

CHINESE brokerages and asset management firms are underpinning Hong Kong office rents as the city cements its financial market ties to the world's second-largest economy.

Prime office space leased by financial companies north of the border was 148,000 square feet last...

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