A vacant shop at the corner of Lee Garden Road and Foo Ming Street in Causeway Bay. Some landlords are willing to lowers rent to secure tenants. Photo: Edward Wong
A vacant shop at the corner of Lee Garden Road and Foo Ming Street in Causeway Bay. Some landlords are willing to lowers rent to secure tenants. Photo: Edward Wong
Rents in prime locations are tipped to stay firm. Photo: Edward Wong
Rents in prime locations are tipped to stay firm. Photo: Edward Wong
Property /  Hong Kong & China

Empty shops on the up in Causeway Bay as high rent drives out business

Only luxury brands or jewellery shops are able to afford the rents that landlords are asking for, according to property consultancy CBRE

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Yvonne Liu
Yvonne Liu

Updated: 9:51am, 15 Jan, 2014

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A vacant shop at the corner of Lee Garden Road and Foo Ming Street in Causeway Bay. Some landlords are willing to lowers rent to secure tenants. Photo: Edward Wong
A vacant shop at the corner of Lee Garden Road and Foo Ming Street in Causeway Bay. Some landlords are willing to lowers rent to secure tenants. Photo: Edward Wong
Rents in prime locations are tipped to stay firm. Photo: Edward Wong
Rents in prime locations are tipped to stay firm. Photo: Edward Wong
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