JLL: Shanghai retail rents up further in 1Q15
Jones Lang LaSalle IP noted in its Retail Index report for 1Q15 that retail rents in Shanghai’s West Nanjing Road were USD5,140 per square metre per annum. This represents an increase of 0.7% q-o-q and of 7.05 y-o-y. JLL highlighted the decision of Chanel to cut prices in order to boost sales of its businesses in mainland China – which resulted in crowds of shoppers in the company’s store at Plaza 66.
Source : 31 March 2015/JLL/Shanghai/RET