Hong Kong Real Estate 2021
Rents across all three segments are expected to continue its downward trend in 2021, owing to complications to thelocal and global economy due to the Covid-19 pandemic. A slow recovery is expected in the medium term, but this is hugelydependent on the pace of economic recovery. In the office segment, decentralisation will remain a key theme, but new officesupply is still expected in Central. The retail segment will also see rents decrease, as retail spending dips due to reduced incomelevels and fear of catching Covid-19. The industrial segment will see rents fall due to lower manufacturing activity and lower capitalexpenditure by businesses.
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