{"id":118532,"date":"2020-09-08T07:30:06","date_gmt":"2020-09-08T00:30:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-hong-kongs-retail-landlords-weather-soaring-vacancy-rates-by-running-their-own-shops-in-their-own-buildings\/"},"modified":"2020-09-08T08:02:54","modified_gmt":"2020-09-08T01:02:54","slug":"can-hong-kongs-retail-landlords-weather-soaring-vacancy-rates-by-running-their-own-shops-in-their-own-buildings","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-hong-kongs-retail-landlords-weather-soaring-vacancy-rates-by-running-their-own-shops-in-their-own-buildings\/","title":{"rendered":"Can Hong Kong\u2019s retail landlords weather soaring vacancy rates by running their own shops in their own buildings?"},"content":{"rendered":"


\nThe collapse of retail rents and high vacancy rates in some of Hong Kong\u2019s main shopping districts is forcing some landlords to get creative. Rather than leave their buildings standing idle, some are launching brand new, totally unrelated business ventures to fill the vacant space.Two joint owners of a five-storey retail complex at 53 Carnarvon Road, Tsim Sha Tsui, for example, plan to open their first cosmetics store on the premises on September 17.Formerly occupied by a jewellery shop, the\u2026
\n
\nSource : South China Morning Post
\nRead more…Can Hong Kong\u2019s retail landlords weather soaring vacancy rates by running their own shops in their own buildings?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The collapse of retail rents and high vacancy rates in some of Hong Kong\u2019s main...<\/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-118532","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-uPO","jetpack-related-posts":[{"id":138725,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sector-revive-top-landlords-see-positive-signs-from-shop-tenants-while-office-market-lags\/","url_meta":{"origin":118532,"position":0},"title":"Hong Kong\u2019s retail sector revive: top landlords see positive signs from shop tenants, while office market lags","date":"August 10, 2023","format":false,"excerpt":"\r Swire Properties says retail sales at some shopping centres are back at pre-pandemic levels, while Hysan Development reports rising tenant revenue. However, the office market lags as high vacancy rates persist.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s retail sector revive: top landlords see positive signs\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118437,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landlords-of-hong-kongs-ginza-style-commercial-buildings-slash-rents-and-target-non-restaurant-tenants-amid-coronavirus-downturn\/","url_meta":{"origin":118532,"position":1},"title":"Landlords of Hong Kong\u2019s \u2018Ginza-style\u2019 commercial buildings slash rents and target non-restaurant tenants amid coronavirus downturn","date":"September 2, 2020","format":false,"excerpt":"\r Landlords of Hong Kong\u2019s \u201cGinza-style\u201d commercial buildings are slashing rents by up to 40 per cent and shifting their focus away from restaurants and bars to survive the dramatic downturn in the catering and retail sectors caused by the coronavirus pandemic.As rents of street-level shops and restaurants have tumbled,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117050,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-office-market-is-hollowing-out-as-vacancy-rate-hits-10-year-high-who-can-save-the-landlords\/","url_meta":{"origin":118532,"position":2},"title":"Hong Kong\u2019s office market is hollowing out as vacancy rate hits 10-year high. Who can save the landlords?","date":"June 11, 2020","format":false,"excerpt":"\r Hong Kong\u2019s office landlords are facing the biggest crunch in a decade as rents slide and vacancy rates in the city\u2019s notoriously pricey market reached the highest level in a decade.About 1.1 million square feet (102,193 square metres) of space in Central business district would have been vacated by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122371,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landlords-bank-on-emerging-concepts-like-art-exhibitions-delivery-only-kitchens-to-lease-vacant-shops\/","url_meta":{"origin":118532,"position":3},"title":"Hong Kong\u2019s retail landlords bank on emerging concepts like art exhibitions, delivery-only kitchens to lease vacant shops","date":"October 5, 2021","format":false,"excerpt":"\r Hong Kong\u2019s 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\u2019s highest commercial real-estate rents.\u201cLandlords are more willing to accept new concepts as they need to shift their strategy to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-landlords-in-shift-towards-food-and-beverage-local-brands-smaller-shops\/","url_meta":{"origin":118532,"position":4},"title":"Hong Kong\u2019s retail landlords in shift towards food and beverage, local brands, smaller shops","date":"May 10, 2016","format":false,"excerpt":"\r Local operators may be facing a crisis of sorts, but are meeting challenges posed by the shifting landscape.\r \r Source : South China Morning Post\r Read more...Hong Kong\u2019s retail landlords in shift towards food and beverage, local brands, smaller shops","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118629,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-retail-sector-stuck-in-the-doldrums-pushes-vacancy-rate-of-street-level-shops-to-record-high\/","url_meta":{"origin":118532,"position":5},"title":"Hong Kong\u2019s retail sector, stuck in the doldrums, pushes vacancy rate of street-level shops to record high","date":"September 15, 2020","format":false,"excerpt":"\r The vacancy rate of street level shops in Hong Kong\u2019s four major shopping districts \u2013 Causeway Bay, Mong Kok, Central and Tsim Sha Tsui \u2013 has reached a record high of 12.6 per cent and is expected to climb to 14 per cent in the first quarter next year,\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\/118532"}],"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=118532"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/118532\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=118532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=118532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=118532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}