Property News · November 15, 2017

Hong Kong shopping centre rents on the rise as good sales prospects draw retailers


Rents at some Hong Kong shopping centres have climbed to as high as HK$1,000 (US$128) per square foot as improving sales at the city’s malls increase their attraction as a location for retailers.
In a stark contrast to the rising number of empty street-level shops in the city’s main tourist areas, shopping centres are seeing increased numbers of retailers seeking space, drawn by rising numbers of shoppers.
Market watchers noted that Sunglass Hut recently opened its first 600 sq ft…

Source : South China Morning Post
Read more…Hong Kong shopping centre rents on the rise as good sales prospects draw retailers

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