Commercial Retail

Find out what the notable leases recently.

Chanel recently leased space at Capitol Centre in Causeway Bay.

This supply pipeline will be in the suburban micro markets.

But rents in the city fringe could increase by 9.5%.

Prime malls have tight vacancy rates ranging from 4 to 6%.

Thanks to more tourist arrivals expected in the coming months.

It's a slower growth rate compared to the previous quarter’s 1.2%.

One of the malls is dominated by premium brands.

Rental growth is a significant contributing factor. 

Only one project is expected to be added by Q3.

International brands are now opening their first stores in the city.

The significant net takeup at Thiso Mall drove vacancy rate down to 5.6%.

Over 60% of the stock will be neighbourhood centres.

One Ayala and Gateway Mall 2 are expected to have been completed over the quarter.

These will have a combined GFA of over 13,000sqm. 

Three new malls totalling 1.6m sq ft will be added this year.