Cushman & Wakefield

Retail Asia15/11/2018

Causeway Bay in Hong Kong is now home to the world’s most expensive retail space. According to the annual Cushman & Wakefield survey of high-street retail rents, Causeway Bay has overtaken New York’s Fifth Avenue for the top spot, with rents of US$2671 per sqft per year, or €24,606 per sqm per year. The calculations […]

Retail Asia02/08/2018

The Orchard Road retail vacancy rate has dropped to 5.6 per cent in the second quarter. According to a report by CBRE, the rate is the lowest in 14 quarters and well below 2016 figures. CBRE’s head of research for Southeast Asia Desmond Sim said, “On the back of an improved tourism market, coupled with […]

Retail Asia05/03/2017

Rising vacancies and plunging rentals in shopping malls may be a headache for landlords, but it is not all bad news for retailers who have taken advantage of lower rentals to snag prime locations for their flagship stores. More than 10 flagship stores were set up islandwide last year, noted property consultancy Cushman & Wakefield’s […]

Retail Asia30/01/2017

Challenging market conditions continued to hit office and retail rents in the fourth quarter, although there are signs pointing to a brighter outlook for some landlords. Office rents fell by 1.8 per cent from the third quarter to the fourth quarter last year, a far sharper fall than the 1.1 per cent from the second […]

Retail Asia21/11/2016

Tokyo’s Ginza has overtaken Sydney into second spot behind Causeway Bay in the latest DTZ/Cushman & Wakefield Asian retail rent rankings. The annual Main Streets Across the World report tracks 462 of the top retail streets around the globe, ranking them by their prime rental value. Globally just 36 per cent of the markets witnessed […]

Retail Asia25/10/2016

The data may be a little dated, but Asian cities are holding their own in the retail rent rankings. New York’s Fifth Avenue still tops the list with an average rent of US$3500 per sqft per year. Hong Kong’s Causeway Bay is cemented in second place at $2399 and the Champs Elysee in Paris a […]

Retail Asia11/07/2016

Is there too much retail space in Saigon – downtown Ho Chi Minh City – the commercial hub of Vietnam? With more than 1.1 million sqm of retail space, it looks like the Saigon retail market is oversupplied. The closing of Parkson Paragon in the city’s District 7 last month only amplified such concerns. But […]

Retail Asia09/09/2015

Hong Kong home prices could fall by 5 per cent to 10 per cent over the next three years, according to JP Morgan, which warned of the risks of an economic slowdown in the city. A slowdown marked by falling retail sales and a softening mainland economy would adversely affect home purchasing power and buying […]

Tag: Cushman & Wakefield

Retail rents in Causeway Bay are the world’s most expensive

Orchard Road retail vacancy rate free jump

Retailers snag prime spots for flagships amid lower rentals

Office and retail rents slip, but outlook improves

Hong Kong still tops Asian retail rent rankings

Singapore, Manila rise in retail rent rankings

Saigon retail market to be put to the test

Hong Kong home prices could begin falling next year, says JP Morgan