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Drop in rents is most prominent in Causeway Bay in 3Q15
There were also more surrender leases.
Amid further weakening retail sentiment, the retail market of the real estate sector had rental fall in 3Q15.
According to a research note from CBRE, it was most noticeable in Causeway Bay.
Meanwhile, the report also said there were more surrender leases in Q3 2015. Sports brands and fitness centers were relatively active in taking up spaces.
Further, shops in the core shopping districts were mostly leased or renewed at rents lower than their previous terms.
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