{"id":71945,"date":"2017-11-16T06:33:36","date_gmt":"2017-11-15T23:33:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-causeway-bay-remains-as-worlds-second-most-expensive-retail-district\/"},"modified":"2017-11-16T07:11:33","modified_gmt":"2017-11-16T00:11:33","slug":"hong-kongs-causeway-bay-remains-as-worlds-second-most-expensive-retail-district","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-causeway-bay-remains-as-worlds-second-most-expensive-retail-district\/","title":{"rendered":"Hong Kong\u2019s Causeway Bay remains as world\u2019s second most expensive retail district"},"content":{"rendered":"


\nHong Kong\u2019s Causeway Bay has retained its title as the world\u2019s second most expensive retail location, despite a decline in rents this year, according to a new report that tracks the most expensive shopping streets in the world.
\nWith an annual per square foot rent of US$2,725, Causeway Bay trailed New York\u2019s Upper Fifth Avenue, which retained its crown as the most expensive globally at an annual per sq ft rent of US$3,000, said Cushman & Wakefield in its annual Main Streets…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s Causeway Bay remains as world\u2019s second most expensive retail district<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hong Kong\u2019s Causeway Bay has retained its title as the world\u2019s second most expensive retail...<\/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-71945","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-iIp","jetpack-related-posts":[{"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":71945,"position":0},"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":[]},{"id":101229,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-russell-street-takes-over-from-new-yorks-5th-avenue-as-worlds-most-expensive-place-to-rent-shops\/","url_meta":{"origin":71945,"position":1},"title":"Causeway Bay\u2019s Russell Street takes over from New York\u2019s 5th Avenue as world\u2019s most expensive place to rent shops","date":"November 14, 2018","format":false,"excerpt":"\r Russell Street in Hong Kong\u2019s Causeway Bay district has replaced New York\u2019s Upper 5th Avenue as the world\u2019s most expensive retail street by rental value, according to property consultants Cushman & Wakefield. For the first time in five years, the city has regained the crown with average annual rents\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tsim-sha-tsui-now-hong-kongs-most-expensive-retail-area-with-causeway-bay-luxury-sales-hit\/","url_meta":{"origin":71945,"position":2},"title":"Tsim Sha Tsui now Hong Kong\u2019s most expensive retail area, with Causeway Bay luxury sales hit","date":"July 9, 2020","format":false,"excerpt":"\r Tsim Sha Tsui, located on the tip of Kowloon peninsula, has emerged as Hong Kong\u2019s most expensive retail neighbourhood for the first time in its history. Causeway Bay, which had held the accolade until now, has been hit harder by sluggish luxury goods sales.Tsim Sha Tsui, which is home\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110869,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/causeway-bays-retail-vacancy-rate-to-soar-with-one-in-10-shops-standing-empty-as-hong-kongs-street-rallies-enter-their-15th-week\/","url_meta":{"origin":71945,"position":3},"title":"Causeway Bay\u2019s retail vacancy rate to soar, with one in 10 shops standing empty as Hong Kong\u2019s street rallies enter their 15th week","date":"September 18, 2019","format":false,"excerpt":"\r One in every 10 shops in Causeway Bay now stands empty, as three months of protest rallies have deterred visitors from the world\u2019s most expensive shopping district, adding to the woes of a retail industry that is already suffering from a weakening yuan and mainland China\u2019s abolition of luxury\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":165180,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-tsim-sha-tsui-holds-ground-as-worlds-fourth-priciest-shopping-strip\/","url_meta":{"origin":71945,"position":4},"title":"Hong Kong\u2019s Tsim Sha Tsui holds ground as world\u2019s fourth priciest shopping strip","date":"November 19, 2025","format":false,"excerpt":"\r Hong Kong\u2019s Tsim Sha Tsui remained the world\u2019s fourth most expensive retail strip with rents at US$1,515 per square foot per year, as two other core shopping districts in the city \u2013 Causeway Bay and Central \u2013 also ranked among the Asia-Pacific\u2019s priciest shopping locations, according to Cushman &\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":147214,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/omega-leases-another-shop-in-hong-kongs-causeway-bay-as-agents-see-retail-leasing-pickup\/","url_meta":{"origin":71945,"position":5},"title":"Omega leases another shop in Hong Kong\u2019s Causeway Bay as agents see retail leasing pickup","date":"September 28, 2024","format":false,"excerpt":"\r Swiss luxury watchmaker Omega is leasing another shop on Russell Street, once the world\u2019s priciest retail strip, for US$51,404 a month.\r \r Source : South China Morning Post\r Read more...Omega leases another shop in Hong Kong\u2019s Causeway Bay as agents see retail leasing pickup","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\/71945"}],"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=71945"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/71945\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=71945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=71945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=71945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}