Hong Kong’s landlords are increasingly betting on restaurants to drive traffic and capture dollars from diners stuck in the city amid border closures, in a bid to boost tenancy sales.Landlords are keen on securing food and beverage (F&B) tenants even though they tend to pay relatively lower rents, said Simon Smith, regional head of research and consultancy in Asia-Pacific at Savills.“Dining out is the new vacation. F&B is attractive as long as travel restrictions hold. It helps drive traffic to…
Source : South China Morning Post
Read more…Food and beverage tenants sought after by Hong Kong landlords keen on ‘building communities’
