Several luxury brands have closed their outlets or moved to smaller shops in Russell Street because of deteriorating market conditions. Photo: Dickson Lee Several luxury brands have closed their outlets or moved to smaller shops in Russell Street because of deteriorating market conditions. Photo: Dickson Lee
Several luxury brands have closed their outlets or moved to smaller shops in Russell Street because of deteriorating market conditions. Photo: Dickson Lee

Stuck with 20,000 sq ft of prime space on Russell Street, Hong Kong landlord splits it into smaller chunks to find tenants

  • The owner of 20,000 sq ft of space in Plaza 2000 is partitioning the ground floor into four units, the smallest of which is 148 sq ft
  • The landlord is asking for HK$310,000 per month, or HK$61 per sq ft, for a 5,042 sq ft space on the second floor, the lowest since the early 2000s, sources say

Topic |   Hong Kong property
Several luxury brands have closed their outlets or moved to smaller shops in Russell Street because of deteriorating market conditions. Photo: Dickson Lee Several luxury brands have closed their outlets or moved to smaller shops in Russell Street because of deteriorating market conditions. Photo: Dickson Lee
Several luxury brands have closed their outlets or moved to smaller shops in Russell Street because of deteriorating market conditions. Photo: Dickson Lee
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