News Hong Kong Property & Finance

Commercial Rent Increases Sheung Wan?

ORIGINAL POST
Posted by Studio1 11 yrs ago
I have been in HK some 9 years so know this can happen in extreme circumstances but our rent is expected to increase 48% for a grade B building from the 1990's in reality in Sheung Wan (central address). We signed a 2 year lease end of 2012.


What say you all about the current state of commercial property rentals? 48% worth?

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COMMENTS
traineeinvestor 11 yrs ago
48% seems extreme unless either (i) the original rent was well below market and there is a large element of catch up in the 48% or (ii) the building is benefitting from factors such as proximity to the soon-to-be finished MTR stations and/or the second escalator.


I'd suggest having a look at what else is in the market place at the moment (including other recent lettings in your building).

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OffThePeak 11 yrs ago
Sounds like your landlord is "trying it out."


It's a free market. Do some research to discover what the place is really worth.

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jocelroberts 10 yrs ago
I think you will need to have a detailed evaluation to put the whole process in context and insure you make the best decision. Check out some commercial property listing websites. They can help you evaluating, negotiating and renting commercial property in Hong Kong.


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