Central office rents to decline further over woes in banking sector

Office rental in Central, the most expensive worldwide, is set to extend its biggest decline since the global credit crisis, the world's two biggest property agents say.

Leasing costs in the district where Goldman Sachs and HSBC have offices would likely be little changed this year, said Rhodri James, the executive director for office services at CBRE. Jones Lang LaSalle saw rents dropping "slightly" in the first half before picking up in the second, said Ben Dickinson, the head of Hong Kong markets.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1124954/central-office-rents-decline-further-over-woes