High-street shops in HK see 'strongest' rental growth since 2013

Rents rose 1.2% quarter-on-quarter in the second quarter of the year.

Landlords in high-street shops are becoming more confident as sales rebound driving rents to rise by 1.2% in the second quarter (Q2) of the year.

The slight increase in demand, CBRE Hong Kong said, boosted high-street shop rents to increase by 1.2% quarter-on-quarter.

This is the first gain witnessed since Q2 of 2018 as well as the strongest quarterly growth since the fourth quarter of 2013.

“Landlords are regaining confidence gradually as retail sales rebound,” CBRE Hong Kong said in its 2021 Mid-Year Market Outlook.

Join Hong Kong Business community

The gradual relaxation of social-distancing measures helped improve footfall, it added; whilst shopping mall rents were unchanged despite the absence of tourist-related demand.

Moreover, the vacancy rate in high-street shops also fell to 15.4%, the lowest since Q2 of 2020.

The highest vacancy rate drop was recorded in Central after it fell to 9.3% from 16.2% in the previous quarter.

Meanwhile, Tsim Sha Tsui registered the highest vacancy rate at 23.2%, up from 21.7% over the same period.

Vacancy rate in Causeway Bay and Mong Kok both declined to 13.2% and 16%, respectively.

Follow the link s for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Hongkong Land launches AI platform to streamline building ops
The company said the platform is designed to improve operational efficiency and reduce service disruptions.
Hotels & Tourism
Despite strong earnings, HKEx screens as overvalued: analyst
The valuation adjustment follows a standout first half of 2025, where HKEx reported a 39% surge in net profit.
CPA Australia urges reforms to enhance Hong Kong competitiveness
One of the key proposals includes introducing a Qualified Refundable Tax Credit (QRTC) for multinational enterprises.
Economy
HKEX profit up 39% in H1
Revenue and other income for the period also increased 33%.