Retail market sees strong leasing activity led by premium deals

Key transactions include Emperor Watch's 5-year lease in Shanghai Bank Tower.

Hong Kong’s retail market saw several notable leasing deals in September, indicating sustained demand for premium retail spaces in key areas despite challenging market conditions.

Some major transactions include Emperor Watch and Jewellery securing a flagship location in the Shanghai Commercial Bank Tower with a 7,354-square-foot (sq ft) ground-floor lease, including additional floors and storage.

The five-year lease, beginning in March 2025, was signed at $1.52m monthly.

In Tsimshatsui, Hong Kong Tax-Free Co. Limited sold four shop units (4,000 sq ft in total) in the Comfort Building for $200.0m to LCKL at an estimated initial yield of 3.5%.

Additionally, a 650-square-foot ground-floor unit at Percival House was leased for $308 per sqft, whilst a 1,562-square-foot unit on Pak Sha Road secured a lease at $212 per square foot.

Follow the link for more news on

JLL

Also Read

Seven in ten ASEAN consumers purchased Hong Kong goods in 2024: survey

Shenzhen tourists spur Hong Kong retail demand

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 dight 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!

I want to download the media kit

Top News

PCPD clears Companies Registry of privacy violations over 100,000-person data breach

There was no evidence that the leaked personal data were accessed without authorisation or by accident.

Information Technology

9 hours ago

Prince of Wales Hospital gains accreditation under China's int'l standards

This follows Pamela Youde Nethersole Eastern Hospital, the first accredited facility.

Healthcare

10 hours ago

Millennials and Gen Z drive 76% surge in Hong Kong's revolving credit

Millennials accounted for 40% of new revolving credit users, whilst Gen Z’s participation more than doubled (+127.8% YoY).

Financial Services

20 hours ago

One in three professionals struggles with AI prompt writing

Employees say they need clearer guidance on AI-relevant skills (53%), better access to training programs (45%), and more financial/time support (35%).

Information Technology

20 hours ago