Shop rents for first-tier streets in prime retail areas are set to hit a downward slope after reaching their peak in the past few years, with fewer mainland big spenders to support the aggressive expansion of luxury goods stores.
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U.S. shopping center owners are starting 2015 on an optimistic note thanks to a solid holiday season and rising rents throughout 2014.
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Colliers International expects rents for prime ground-floor retail space in the Orchard Road district to range between a drop of 1 per cent and a rise of 1 per cent for 2015, while those for regional centres could plateau at between 0 and 2 per cent.
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Angel Garcia, whose family has sold hand-tailored shirts since 1857, will be shutting his shop on Madrid's Gran Via in the New Year after his landlord decided to raise the rent almost 10-fold. At the stroke ...
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Hong Kong shop rents are set for their worst year since the global financial crisis as mainland Chinese visitors spend less amid a slowing economy and the nation's anti-extravagance drive. Retail rents ...
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Twiggy, a small boutique selling scarves and furs, snagged a good deal on a shop a few doors down from Zara's flagship three-story Hong Kong emporium and an Omega watch store in the Central business district. ...
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Disappointing retail sales and a fall in the number of mainland visitors is likely to induce lower rents in Hong Kong. Market watchers worry that international retail chain operators may review expansion plans after the first drop in Labor Day holiday arrivals since the individual visitor scheme was launched 10 years ago.
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Rising Rents Cause Wave of Change in Queens Shopping DistrictNY1There are a number of boutique stores, specialty shops and small restaurants on Austin Street in Fores Hills, but you have to search to find them in between all the chain stores that have popped up over the years. Small businesses no longer dominate ...
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