In a commercial rental market beset by high vacancy rates, many Hong Kong landlords feel stuck between a rock and a hard place: giving tenants a break on rent makes it harder to pay mortgages and threatens asset value, but holding the line on rent runs the risk of driving tenants away.
In this difficult environment, are landlords just being stubborn? It’s complicated, according to agents and analysts.
Retail sales in the city contracted for 14 straight months until May, when they expanded by 2.4…
