Growth of high street rents in HK's core districts eases in Q123 | Real Estate Asia
, Hong Kong
Image by GormaKuma from Pixabay

Growth of high street rents in HK's core districts eases in Q123

Rents in core districts range from $211-$860.

High street shops in Hong Kong’s core districts only recorded low single-digit rental growth in the first quarter of 2023, data from Cushman & Wakefield showed.

Amongst sub-markets, Central recorded the highest rental increase of 3.2% QoQ. Rents in Central now stand at $378.

C&W said local white-collar consumers and high-end tourists drove the increase in Central rents.

Behind Central was Mongkok, which recorded a 2.8% increase ($333). Meanwhile, Causeway Bay, Tsimshatsui, Yuen Long, and Tuen Mun recorded increases of 2.4% ($783), 1.1% ($860), 2.3% ($277), and 2.0% ($211).

Follow the link for more news on

Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Singapore’s Q3 industrial sales breach 5-year quarterly average
Sales grew by 7.6% You to 440 transactions.According to a Savills report, following a short-lived recovery in Q2, the strata industrial sales activity in Singapore slowed by 19.7% QoQ to 440 transactions in Q3 due to the high base effect in the preceding quarter.
Industrial
Delhi net office absorption to increase by 6% to 7.5m sq ft by year-end
Net absorption was at 1.9m sq ft in Q3 alone.According to a JLL report, premium office locations and high-quality buildings supported by institutional owners are anticipated to see increased leasing activity and rents.