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Crypto, blockchain and NFT firms come to aid of Hong Kong’s business districts by creating demand for office space, study says

May 25, 2022
Source: scmp.com scmp.com
News Snapshot:
New economy companies such as those related to cryptocurrencies, NFTs and blockchain are creating new demand for office space in Hong Kong, according to property consultancy Savills, providing some relief to a segment that has seen vacancy rates surge in recent months as multinational companies either vacate premises or reduce their footprint as part of Covid-19 measures. “Many of these new start-ups, which have made substantial profits over the past few years, are being run by young talent and entrepreneurs,” Savills said in a new study. “This new generation favours modern and well-designed offices on the periphery of traditional business...
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