Hong Kong Retail Leasing

Housing Investment Consultancy
Retail Leasing

August 2017

The retail market is rather like our weather right now – generally cloudy with the odd ray of sunshine.

We maintain our guardedly upbeat view of the market in the second quarter as selective retailers seem to be emerging from hibernation.

Vacant units on Yun Ping Road and Kai Chiu Road in Causeway Bay are attracting offers, some of which are slightly above indicative rents.

Street shop rents showed further signs of having hit a floor during the second quarter with rates in Causeway Bay, Tsim Sha Tsui and Mong Kok unchanged.

Rents in prime malls meanwhile drifted off by 0.5% overall as weak individual malls dragged the aggregate index down.

Looking at the January to May period, mainland visitor numbers rose by 3.4% YoY to 17.9 million while total retail sales fell by 1% YoY.

 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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