retail rent

Retail Asia01/02/2019

Hong Kong retail rents are tipped for a modest rise of up to 5 per cent this year according to a research report from real estate advisor Savills. But the authors, Nick Bradstreet, MD, head of leasing and Simon Smith, senior director, research & consultancy, noted that this year has already got off to a […]

Retail Asia18/12/2018

Hong-Kong-Causeway-Bay-wide-frontage-restaurant-space-for-lease-1280x960.jpg

Russell Street in Hong Kong’s Causeway Bay district has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, according to property consultants Cushman & Wakefield. For the first time in five years, the city has regained the crown, with average annual rents of US$2,671 per square foot (HK$20,953) despite a […]

Retail Asia06/12/2018

Prime Hong Kong street-shop rents rose 4 per cent in the first three quarters of this year, ahead of the up-to 3 per cent rise prediction by Savills a year ago. In a third-quarter real estate briefing released yesterday, Savills said shopping-centre retail rents, which Savills expected would fall as much as 5 per cent, […]

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 Asia11/11/2016

It is the highest vacancy level since 1Q11. Island-wide, overall vacancy for retail spaces rose 8.4% in 3Q16, recent figures from Urban Redevelopment Authority showed. According to CIMB, this has been the highest level since 1Q11. The brokerage firm noted that well-positioned malls integrated with major transport nodes will continue to withstand this waning demand […]

Retail Asia26/10/2016

CBRE’s semiannual Global Prime Retail Rents Report found that prime retail rents grew 3.7 percent globally in the second quarter of 2016 from a year earlier, buoyed by consumer confidence in the U.S. and limited supply in Europe’s top retail markets. Regionally, prime rents grew the most in Europe, the Middle East and Africa (up […]

Retail Asia26/10/2016

Current retail thinking that the high and the low ends are driving the industry has gotten a boost from CBRE Group. High street rents are off the charts worldwide, according to company’s just-released Global Retail Rents report. Rents in prime shopping locations during the second quarter were up 30% in Rome, 24%, 20% in Milan, […]

Retail Asia20/10/2016

Twilight has come for the retail industry in Hong Kong, said cosmetic outlet operator Sa Sa International (0178) chairman Simon Kwok Siu-ming, although he remains optimistic of better days ahead. The week-long national holiday saw improved sales for the firm, and he hopes the uptrend is sustainable for the rest of the year, especially during […]

Retail Asia10/10/2016

Singapore retail rents slipped during the last quarter – but experts say the outlook is not too grim. According to Edmund Tie & Company Research, average monthly retail gross rents across the island eased by 1.2 per cent quarter-on-quarter to about $29.30 per sqft in the three months to September 30. This was 9.6 per […]

Retail Asia25/07/2016

The Singapore retail rent decline gathered pace in the last quarter according to data from Edmund Tie & Company. In the second quarter, retail rents across the board fell by 3.9 per cent quarter-quarter. That was double the 1.9 per cent decline of the preceding quarter. Amid weaker demand, occupancy levels also dipped, falling by […]

Retail Asia04/02/2016

Growing ranks of Hong Kong landlords are renting out retail space for as little as 90 days to ride out the downturn. The number of short term Hong Kong leases has risen sharply since November, according to property agent Midland IC&I. The trend began in the lead up to the Christmas-New Year retail peak when […]

Retail Asia09/12/2015

The Bankok retail market is now the most competitive it has ever been, with the expansion by retail developers in the central business district (CBD) and suburban areas. The entry of new local and international retailers, combined with a challenging economic outlook and weak consumer sentiment is all adding up to the mix. Despite a […]

Retail Asia09/12/2015

In the heart of Guangzhou’s Yuexiu district, the shopping centre La Perle is a symbol of luxury living in the southern mainland city. The high-end shopping mall, which opened in January 2004, has long been the first stop for many international brands seeking to conquer China market. But times are changing. A few weeks ago, […]

Retail Asia21/10/2015

Hong Kong retail rents weakened further in the third quarter – and worse is to come, according to CBRE’s quarterly review. Against a backdrop of a seven per cent fall in watch and jewellery sales in July and August combined, there was an increase in lease surrenders by luxury brands and high-value retailers on tier […]

Tag: retail rent

Hong Kong retail rents tipped to turn

The world’s most expensive retail street is not in NYC anymore

Hong Kong retail rent rises (too) fast

Hong Kong still tops Asian retail rent rankings

Retail space vacancy expands 8.4% in Q3

Manhattan Trumps Hong Kong as World’s Most Expensive Retail Market`

High street rents go, well, sky-high

Sa Sa seeks cheaper rent

Singapore retail rents slip over latest quarter

Singapore retail rent decline worsens

Short term lease boom

Bangkok retail market to increase more than 1 million sq.m.

High-end retailers in China no longer have the luxury of time

Hong Kong retail rents weaken further