Hong Kong Retail Leasing

Housing Investment Consultancy
Retail Leasing

November 2017

September retail sales data has confirmed what we are seeing on the street; a steady if cautious recovery.

The retail sector is slowly coming to life after four years of painful adjustment which has seen the emergence of a ‘tenant’s market’.

While landlords of street shops remain on the back foot, the larger territorial centres are proving relatively immune to the downtown.

The gap between the malls and street shops has narrowed considerably and tenants are now finding that a prime street front pitch can be a viable alternative to taking space in a nearby mall.

In a mixed market some trade categories are performing well and pharmacies in particular are expanding aggressively at the moment.

kamaco prime street shop rental indices remained flat over the third quarter while rents in prime malls continued to drift off marginally.

 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

Subscribe to kamaco research

 

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

ADD/EDIT BLOG TAGS