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