Retail leasing rates in Hong Kong’s Central district are under pressure amid dwindling spending by mainlanders on big ticket items. This photo depicts a shopper on Queen’s Road Central on February, 2015, roughly two years after the peak of the current rental cycle . Photo: AFP
Retail leasing rates in Hong Kong’s Central district are under pressure amid dwindling spending by mainlanders on big ticket items. This photo depicts a shopper on Queen’s Road Central on February, 2015, roughly two years after the peak of the current rental cycle . Photo: AFP

Property agents see an unusual trend in Central’s retail leasing market

Many of the big international brands that signed leases at the top of the market a few years ago are willing to hand over to newcomers, as the city’s retail slump continues

Retail leasing rates in Hong Kong’s Central district are under pressure amid dwindling spending by mainlanders on big ticket items. This photo depicts a shopper on Queen’s Road Central on February, 2015, roughly two years after the peak of the current rental cycle . Photo: AFP
Retail leasing rates in Hong Kong’s Central district are under pressure amid dwindling spending by mainlanders on big ticket items. This photo depicts a shopper on Queen’s Road Central on February, 2015, roughly two years after the peak of the current rental cycle . Photo: AFP
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