Office rents in Hong Kong's prime Central district are expected to rise in the latter half of the year, marking a recovery from a multi-year slump.

Office rents in Hong Kong’s Central district are expected to rise faster in the second quarter of the year, according to analysts, a reversal of a multi-year slump that began in the second half of 2019. The latest forecast was made by US bank Citi, which said premium offices in the city’s main business zone had seen rents rise 1.7 per cent from a trough in October, with room for further increments between the second half this year and 2027. “Lease negotiation dynamics had started to favour...