{"id":110649,"date":"2019-09-11T06:15:07","date_gmt":"2019-09-10T23:15:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-prada-out-can-hong-kongs-russell-street-outshine-fifth-avenue-or-champs-elysees-as-the-worlds-costliest-retail-strip\/"},"modified":"2019-09-11T07:03:24","modified_gmt":"2019-09-11T00:03:24","slug":"with-prada-out-can-hong-kongs-russell-street-outshine-fifth-avenue-or-champs-elysees-as-the-worlds-costliest-retail-strip","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-prada-out-can-hong-kongs-russell-street-outshine-fifth-avenue-or-champs-elysees-as-the-worlds-costliest-retail-strip\/","title":{"rendered":"With Prada out, can Hong Kong\u2019s Russell Street outshine Fifth Avenue or Champs-\u00c9lys\u00e9es as the world\u2019s costliest retail strip?"},"content":{"rendered":"


\nLandlords in Hong Kong\u2019s Russell Street, the most expensive shopping address on the planet, are likely to slash rents after fashion house Prada declared it would not renew the lease on its flagship store next year, according to market observers.Prada\u2019s landlord has offered to cut the rent for its next tenant at Plaza 2000 on Russell Street, by a staggering 44 per cent as luxury vendors come under increasing pressure from a marked slowdown in sales.Analysts expect other landlords to follow suit,\u2026
\n
\nSource : South China Morning Post
\nRead more…With Prada out, can Hong Kong\u2019s Russell Street outshine Fifth Avenue or Champs-\u00c9lys\u00e9es as the world\u2019s costliest retail strip?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Landlords in Hong Kong\u2019s Russell Street, the most expensive shopping address on the planet, are...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-110649","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sMF","jetpack-related-posts":[{"id":123394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/burberry-joins-prada-la-perla-in-exiting-hong-kongs-russell-street-once-the-worlds-most-expensive-retail-rental-strip\/","url_meta":{"origin":110649,"position":0},"title":"Burberry joins Prada, La Perla in exiting Hong Kong\u2019s Russell Street, once the world\u2019s most expensive retail rental strip","date":"November 23, 2021","format":false,"excerpt":"\r British luxury fashion house Burberry will shut its flagship store on Hong Kong\u2019s Russell Street, once the world\u2019s most expensive shopping strip, after a 10-year lease expires early next year, according to sources.The iconic brand, known for its trademark check pattern, has maintained a presence in the Causeway Bay\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bonjour-says-au-revoir-the-second-major-retailer-to-leave-worlds-costliest-high-street-amid-protests\/","url_meta":{"origin":110649,"position":1},"title":"Bonjour says au revoir, the second major retailer to leave world\u2019s costliest high street amid protests","date":"October 30, 2019","format":false,"excerpt":"\r Hong Kong\u2019s Russell Street, the world\u2019s most expensive retail strip, is slipping fast from its perch, with rents falling by more than 50 per cent from their peak in 2013.In the latest sign that the city\u2019s retailers are struggling to cope with the consequences of the more than five\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135702,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-listed-euroeyes-to-open-first-clinic-in-city-on-russell-street-ditch-hospital-like-atmosphere-for-one-of-worlds-costliest-retail-strips\/","url_meta":{"origin":110649,"position":2},"title":"Hong Kong-listed EuroEyes to open first clinic in city on Russell Street, ditch \u2018hospital-like atmosphere\u2019 for one of world\u2019s costliest retail strips","date":"March 31, 2023","format":false,"excerpt":"\r Germany-based and Hong Kong-listed EuroEyes International Eye Clinic is set to open its first store in the city, taking over the space occupied by Prada in one of the world\u2019s costliest retail strips.\r \r Source : South China Morning Post\r Read more...Hong Kong-listed EuroEyes to open first clinic in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118552,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rising-vacancy-sliding-rents-in-hong-kong-signal-cracks-in-worlds-most-expensive-retail-strip-to-persist-into-new-year\/","url_meta":{"origin":110649,"position":3},"title":"Rising vacancy, sliding rents in Hong Kong signal cracks in world\u2019s most expensive retail strip to persist into new year","date":"September 10, 2020","format":false,"excerpt":"\r The world\u2019s most expensive retail strip is likely to endure another six months of industry slump as shop owners struggle to replace premium tenants amid Hong Kong\u2019s deepening recession.Global brands from Prada to Rolex and Victoria\u2019s Secret have in the past year vacated their space near or along Russell\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kong-protests-coronavirus-see-prada-tissot-make-way-for-cheap-phone-store-on-worlds-most-expensive-shopping-street\/","url_meta":{"origin":110649,"position":4},"title":"Hong Kong protests, coronavirus see Prada, Tissot make way for cheap phone store on world\u2019s most expensive shopping street","date":"June 17, 2020","format":false,"excerpt":"\r For years it was the world\u2019s most expensive shopping street, overshadowing anything Paris or London had to offer, its pavements brimming with shoppers hunting for Prada bags, Chanel perfumes and Blancpain watches.But Russell Street, in Hong Kong\u2019s bustling Causeway Bay, has lost its lustre \u2013 and a lot of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123683,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/offices-may-decamp-to-hong-kongs-causeway-bay-amid-rental-crash-in-the-worlds-costliest-retail-strip\/","url_meta":{"origin":110649,"position":5},"title":"Offices may decamp to Hong Kong\u2019s Causeway Bay amid rental crash in the world\u2019s costliest retail strip","date":"December 8, 2021","format":false,"excerpt":"\r Causeway Bay looks increasingly more appealing as an office address, amid the rental crash in what was until recently the world\u2019s most expensive retail shopping district.The monthly net office rent in the district between Hong Kong\u2019s Wan Chai and Quarry Bay averaged HK$60.4 (US$7.74) per square foot, just about\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110649"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=110649"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/110649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=110649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=110649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=110649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}