Hong Kong Rents Suffer Amid Protests

The video discusses the impact of ongoing anti-government protests in Hong Kong on retail and office rents. Analysts predict significant drops in rents due to decreased retailer interest and luxury brands like Prada and LVMH scaling down operations. The protests have led to large demonstrations in shopping areas and a decline in tourism, further affecting retail rents. Retailers are expected to be cautious in expanding their operations in Hong Kong.

What was the forecasted percentage drop in retail rents in Hong Kong?

In what ways are retailers expected to change their operations in Hong Kong moving forward?