Hong Kong Retail Leasing

Housing Investment Consultancy
Retail Leasing

April 2018

Watches, casual fashion and F&B all continue to recover but given stubborn pockets of vacancy, landlords remain pragmatic when cutting deals.

Rebounding retail sales had little impact on street shop or shopping mall rents during the first quarter of 2018 which remained flat.

Strong performers included watches, luxury and casual fashion and F&B despite the challenges.

Mainland visitors have returned to Hong Kong partly thanks to a stronger Renminbi, but are not spending as much as previously.

Pockets of vacancy remain, not least on Queen’s Road Central where several large units are currently on the market.

Leasing activity is picking up gradually after two years of retrenchment but plenty of caution remains.

The Hong Kong section of the Express Rail Link is likely to have a positive impact on West Kowloon retail while the Hong Kong-Zhuhai-Macau Bridge should be of more benefit to logistics operators rather than retailers.

 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square, 23/F

+852 2842 4573

 

Subscribe to kamaco research

 

Would you like to be notified via email about new research?