Tenants flee Hong Kong's Central as civil unrest festers

Central rents down the most in 7 years as company exodus accelerates

20191011 Hong Kong Protests

Office availability in Hong Kong's Central district rose to a 14-year-high of 7.4% in September, compared to below 4% for the same period last year.  © AP

NIKKI SUN, Nikkei staff writer

HONG KONG -- For decades, tying one's name to a piece of Central in the heart of Hong Kong's financial district has been the holy grail for Chinese executives.

Whether impressing a client, or vexing a rival, nothing has paraded success like an address in the world's most expensive business district, where rents this year ranked 45% higher than London's West End, and 63% higher than Midtown Manhattan.

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