Hong Kong’s retail landscape is undergoing a massive change, as art exhibitors and delivery-only kitchens help landlords fill up empty space in the city, which until recently had the world’s highest commercial real-estate rents.“Landlords are more willing to accept new concepts as they need to shift their strategy to tap local demand,” said Helen Mak, senior director and head of retail services at Knight Frank.While the retail sector is struggling to recover from its worst downturn on record,…
Source : South China Morning Post
Read more…Hong Kong’s retail landlords bank on emerging concepts like art exhibitions, delivery-only kitchens to lease vacant shops
