Hong Kong Retail Leasing

Housing Investment Consultancy
Retail Leasing

February 2018

Favourable tailwinds continued to boost retailer morale in the last quarter of 2017 and we expect rents to edge up over Q1/2018.

Rents have generally flattened out and we expect modest gains in Q1/2018.

In the prime mall segment we saw a relatively stable rental development in Q4/2017 and we have revised up our forecast for 2018 to +5% from -5% previously.

The last quarter of 2017 ended on an upbeat note for retailers and early 2018 has seen more positive sentiment.

Tourist numbers are strong but mainlanders are showing a greater preference for Tsim Sha Tsui over Causeway Bay. Local consumption meanwhile is holding up well, although recent stock market volatility could potentially have a negative impact.

The West Kowloon Cultural District marks the most dramatic change to Hong Kong's skyline in decades. The trade mix of WKCD is expected to include a high proportion of F&B uses taking advantage of the pedestrianised environment, open spaces and views over Victoria Harbour.


Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

Two Exchange Square

+852 2842 4573


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