Home World ASIA Vacancy in Hong Kong’s storage facilities, warehouses and logistics real estate may...

Vacancy in Hong Kong’s storage facilities, warehouses and logistics real estate may double as retailers end leases, slash stock



Vacancy among Hong Kong’s warehouses, storage facilities and other logistics property is expected to double this year, as retailers hobbled by the city’s worst recession in decades slash their inventory and give up their leases, according to a forecast by JLL.An estimated 102,000 square metres (1.098 million square feet) of marketable space is set to return to the leasing market this year when their leases expire, taking the aggregate vacancy rate to more than 3 per cent by the end of this year…



Source link

Must Read

Enfrentamiento armado en Tumaco deja varias personas muertas y heridas – Otras Ciudades – Colombia

Un enfrentamiento entre dos grupos armados ilegales en un resguardo indígena del departamento colombiano de Nariño, fronterizo con Ecuador,...

NSW records no new cases of coronavirus for first time since June

Dr Christine Selvey provides a #COVID19 update for Sunday 27 September. Source link

Kolkata Knight Riders vs Sunrisers Hyderabad – Rolling Report

Welcome to ESPNcricinfo's Rolling Report of the eighth IPL 2020 match, between the Kolkata Knight Riders and Sunrisers Hyderabad. The Knight Riders lost...

Support package announced for parents of stillborn infants

The Morrison government is committing $7.6 million to assist parents  dealing with the personal, social and financial impact after the loss of a...

Victoria records 16 new COVID cases and two deaths

Victoria has reported 16 new COVID-19 cases and two deaths as Melbourne awaits a relaxation of lockdown restrictions.Sunday’s statistics take the state’s pandemic...