KF: Prime retail property in Shanghai yields 6.2% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that prime retail property yields in Shanghai were 6.2%. The average price for prime retail property transacted was USD35,005 per square metre (psm). Average rents were USD263.40 psm per month. At the end of the quarter, the vacancy rate was 7.0%. Indicators highlighted by KF for the quarter included the opening of the world’s largest flagship stores by leading brands such as MUJI, and Innisfree and the 61% rise in the total space of newly opened malls (to just under 750,000 square metres) in 4Q15 relative to 3Q15.
Source : KF/ February 2016/Shanghai/RET