A general view of Russell Street in Causeway Bay, once the world's most expensive shopping street. Photo: Sun Yeung
Opinion
Opinion
Concrete Analysis by Lucia Leung
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