retail rents Archives - Inside Retail Asia
Hong Kong’s retail leasing market is showing signs of slowing in tandem with easing retail sales.
Prime Hong Kong street-shop rents rose 4 per cent in the first three quarters of this year.
Causeway Bay in Hong Kong is now home to the world’s most expensive retail space.
Bangkok retail rents rose in prime downtown locations in the second quarter, yet there was a decline in midtown locations, despite retailers migrating there.
For the first time in five years, the demand for retail space in Hong Kong has not declined.
Colliers predicts high-street Kowloon retail rents will rise 5 per cent in Mong Kok this year and 3 per cent in Tsim Sha Tsui.
Hong Kong retail rents are expected to move into an “early upswing cycle” this year according to a regional real estate market briefing prepared by Savills.
The Hong Kong retail vacancy rate declined in the final quarter of last year.
Singapore retail rents stabilised island-wide in the last quarter of last year.
Hong Kong retail rents are expected to inch up in 2018 according to projections by Savills.
Despite plummeting retail rents in Hong Kong, Causeway Bay has retained its ranking as Asia’s most expensive retail strip.
The decline in Singapore retail rents has moderated according to new research.