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Hong Kong art galleries priced out of Central return as commercial rents drop




A major reshuffle of locally owned galleries is under way in Hong Kong as small-to-medium-sized businesses suddenly find themselves able to afford space in the heart of Hong Kong Island again after nearly two years of unprecedented turmoil in the city.Rossi & Rossi, Kwai Fung Hin Art Gallery, Galerie Ora-Ora, 3812 Gallery and Novalis Contemporary Art Design have either signed new leases in the Central/Sheung Wan area or are planning to, with property analysts saying that average commercial…



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