Hong Kong Retail Rents to Fall Another 15% to 20%, Says CBRE’s Chan

The video discusses the slowdown in the commercial property market since 2018, exacerbated by social unrest in 2019. The Wuhan virus is expected to impact the market indirectly, affecting retail and economic performance. Retail rents have decreased significantly, with further declines expected. Landlords, especially cash-rich individuals, are often inflexible in negotiations, leading to vacancies. Office rents in Hong Kong show a trend of tenants moving to more affordable areas, with rents decreasing in central areas but increasing in decentralized locations.

What factors have contributed to the slowing down of the commercial property market since 2018?

How has the Wuhan virus impacted the property market according to the discussion?

What trends are observed in retail rents and what is the expected change for 2020?

What reasons are given for landlords being stubborn about rent negotiations?

What is the trend regarding office rents in central locations compared to decentralized markets?