For years, brownfield sites in Hong Kong’s New Territories have hosted a range of businesses looking for cheap space – from storage depots to recycling centres to scrapyards. Now, the massive Northern Metropolis project is forcing many of these brownfield tenants to relocate, lifting demand for floor space in industrial estates across the city. The wave of relocations had driven nearly 20 per cent of the new leases for industrial properties recorded so far this year, a major uplift that has...