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Desperate Hong Kong office landlords may ditch fixed monthly rent for ‘membership’ schemes to lure tenants as Covid-19 changes work habits, says JLL

Hong Kong’s office rental market is likely to undergo a radical change, with some landlords switching to a “tiered membership” model similar to that used by co-working space providers, according to property services giant JLL.As the Covid-19 pandemic continues to wreak havoc in the world’s most expensive commercial property market, landlords are coming under increasing pressure to compete for corporate tenants, many of whom are adopting more flexible working arrangements and drastically cutting…

Read the original article at South China Morning Post

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