Nearly a year of steady declines has brought rents on some of Hong Kong’s most desirable retail blocks to 12-year lows. Average rents on Russell Street, once one of the most expensive retail stretches in the world, fell 27 percent year-over-year in the first quarter, according to the Wall Street Journal. Rents are at their lowest point since 2009 in the most desirable part of Tsim Sha Tsui. Causeway Bay rents are also down. Rents
source https://therealdeal.com/2020/05/16/rents-along-hong-kongs-top-retail-stretches-are-crumbling/
No comments:
Post a Comment