A general view of Russell Street in Causeway Bay, once the world's most expensive shopping street. Photo: Sun Yeung
Opinion
Opinion
Concrete Analysis
Hong Kong landlords adjust rent expectations as pandemic reshapes retail landscape amid changing consumer preferences
- Prime retail streets such as Queen’s Road Central, Russell Street and Canton Road have witnessed a spate of store closures resulting in an all-time high vacancy rate
- With more luxury brands exiting and more mid-priced brands moving in, these prime retail streets have undergone the most significant reshuffling of tenant mix in recent history
A general view of Russell Street in Causeway Bay, once the world's most expensive shopping street. Photo: Sun Yeung
