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Foreign Retailers Shift Away from Prime Areas as HK Rents Rise

2014/01/23 by Syndicated Content Leave a Comment

Hong Kong’s retailing landscape is changing. With the competition for space in the city’s traditional retail districts–Central, Causeway Bay, Tsimshatsui and Mongkok–driving rents to eye-watering levels, foreign retailers are increasingly shifting their focus to shopping centres in the New Territories. Fast fashion brands such as Uniqlo, Gap, H&M and Zara have been leading the trend but others are following.

In addition to capturing a share of the growing Mainland-shopper market, retailer interest is also being attracted by growing local populations resulting from the completion of new residential developments. Indeed, while much attention is usually centred on the spending of Mainland tourists,

Read More on the JLL Blog>>

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Filed Under: Retail Real Estate Tagged With: Causeway Bay, Central District, crebrief, Fast fashion, Hong Kong retail, JLL, Mong Kok, Retail, Tsim Sha Tsui, Uniqlo, Zara

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