JLL: Hong Kong retail rents stable in 1Q15
Jones Lang LaSalle IP noted in its Retail Index report for 1Q15 that retail rents in Hong Kong Central were USD15,572 per square metre per annum. This represents an increase of 0.5% q-o-q and of 1.0% year-on year. JLL noted that fears of renewed Occupy Movement protests, as well as high rents and mixed retail sales have contributed to a softening in rents in Hong Kong’s four main retailing precincts.
Source : 31 March 2015/JLL/Hong Kong/RET