A new rental strategy is taking root among Hong Kong’s retailers, as they battle for survival in an industry squeezed by 17 consecutive months of shrinking volumes and retail rents that are among the highest in the world.
PopUp Angels, a Singapore-based startup, connects retailers with landlords through short-term leases ranging from two weeks to several months. Call it the Airbnb of shopping malls.
Hong Kong’s retail rents are “out of reach for most smaller retailers, so if…
Source : South China Morning Post
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