Property News · July 4, 2017

Property agents have a ‘black joke’ to describe Central’s retail leasing market


The retail leasing market in core Central faces uncertainty, as global brands plan to surrender spaces amid a declining sales environment insufficient to support ultra-high rental rates, adding to surplus stock of empty ground-level shops.
Property consultants said an influx of global brands bidding up retail rents by taking up large spaces for their flagship stores in 2013 now found themselves in trouble, as the sector is hit by dwindling footfall and weakened spending for luxury goods….

Source : South China Morning Post
Read more…Property agents have a ‘black joke’ to describe Central’s retail leasing market

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