A slew of closures has pushed the vacancy rate of street level shops to a record high in Hong Kong. Photo: Felix Wong A slew of closures has pushed the vacancy rate of street level shops to a record high in Hong Kong. Photo: Felix Wong
A slew of closures has pushed the vacancy rate of street level shops to a record high in Hong Kong. Photo: Felix Wong

Hong Kong’s retail sector, stuck in the doldrums, pushes vacancy rate of street-level shops to record high

  • The vacancy rate in the main shopping districts of Causeway Bay, Mong Kok, Central and Tsim Sha Tsui has reached a record high of 12.6 per cent, says Midland IC&I
  • The property agency expects rents to fall by 40 to 50 per cent in the core districts by the end of the year

Topic |   Coronavirus pandemic
A slew of closures has pushed the vacancy rate of street level shops to a record high in Hong Kong. Photo: Felix Wong A slew of closures has pushed the vacancy rate of street level shops to a record high in Hong Kong. Photo: Felix Wong
A slew of closures has pushed the vacancy rate of street level shops to a record high in Hong Kong. Photo: Felix Wong
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