
These districts get the most bang for their buck as demand for industrial space persists
Clue: 3 districts are lucky.
Following the commencement of the Minimum Wage Ordinance in May 2011, catering companies face increased difficulties in hiring base-level workers, and a solution for these catering-related businesses is to outsource a number of activities to other service providers.
According to a research and forecast report from Colliers International on 2Q 2014, thus, it has seen an increase in requirements from industries such as tableware cleaning companies.
The increased difficulties in hiring base-level staff have resulted in more restaurant operators outsourcing their tableware-cleaning process to third-party companies.
Here's more from Colliers International:
The majority of these tableware-cleaning companies require industrial space of less than 10,000 sq ft to establish their workshops, with some larger operators requiring 15,000 - 20,000 sq ft.
In general, operators prefer to set up in locations with good accessibility to the road networks.
The growing demand from e-commerce online retailers’ and base level service providers for industrial premises in established local distribution facilities will continue.
Kwai Chung, Tsuen Wan and Tsing Yi will benefit most from this demand due to their well-established infrastructure network connecting to other districts.