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Beijing’s Wangfujing Ranks 13th for Retail Rents Globally

2014/11/24 by Michael Cole Leave a Comment

Rents in China’s most expensive shopping district rose by more than nine percent in the last year, but the increase was only enough for Beijing’s Wangfujing to keep its ranking as the world’s 13th most expensive place to open a… Read More>>

Matheson Street Shop

12 Square Metre Hong Kong Shop Sells for US$23M

2014/03/17 by Michael Cole Leave a Comment

The new record for most valuable commercial property in Asia belongs to 12 square metre (130 square foot) shop in Hong Kong’s trendy Causeway Bay shopping district.

The non-descript electronics shop at 77-83 Matheson Street near the popular Times Square… Read More>>

Foreign Retailers Shift Away from Prime Areas as HK Rents Rise

2014/01/23 by Syndicated Content Leave a Comment

Hong Kong’s retailing landscape is changing. With the competition for space in the city’s traditional retail districts–Central, Causeway Bay, Tsimshatsui and Mongkok–driving rents to eye-watering levels, foreign retailers are increasingly shifting their focus to shopping centres in the New Territories. Fast fashion brands such as Uniqlo, Gap, H&M and Zara have been leading the trend but others are following.

In addition to capturing a share of the growing Mainland-shopper market, retailer interest is also being attracted by growing local populations resulting from the completion of new residential developments.

Asia Retail Rentals

Beijing’s Wangfujing Now Among Asia’s 10 Priciest Retail Locations

2013/11/22 by Michael Cole Leave a Comment

China’s growing taste for shopping is pushing up retail rents in the world’s second-largest economy, and now a global survey has confirmed that in at least one key district, the cost of securing shop space is among the ten highest… Read More>>

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