Six month extra rent relief for Cyberport tenantsBusiness | 16 Sep 2020 2:58 pm
Cyberport has launched an exta six-month rental concession for commercial tenants and start-ups, from October 1.
Until March 31, a 75 percent rental concession is available to office tenants, retailers and restaurant operators, as well as Smart-Space users in Cyberport’s main campus and in Tsuen Wan.
The rental relief is capped at 5,000 sq. ft. of rental space per tenant. A total of some 760 companies and start-ups are expected to benefit.
Cyberport has introduced two rounds of rental relief for one year. Rents were cut by 50 percent from October last year to March this year, and in April this year, the relief was extended for a further six months with the concession amount increased to 100 percent.