The recession is changing the tenant mix of Hong Kong's prime street-front office and retail space as restaurants and vendors of luxury goods quit their leases because of falling sales.

Among the new tenants lining up to take over the space at much- reduced rentals are medium to low-priced restaurants, shops selling discounted cosmetics, and even hard-bargaining banks looking for longer leases - a trend that presents landlords with a dilemma, agents say.

South China Morning Post