retail rent news and archive

UK retail rents slip in first quarter of 2019

Retail rent prices on prime UK high streets fell one percent in the first quarter of 2019, an acceleration of the -0.4 percent falls reported in the third and fourth quarter of last year, according to CBRE’s most recent prime rents and yields monitor. Shopping centres and retail warehouse prime rents also fell -1.3 percent and -1.0 percent over...

Retail

Luxury retailers abandon leases in Hong Kong

London - Hong Kong has seen falling retail rents since this the start of the year, with Prada shopping for lower rates back in April and Coach closing a store in a key location. Hong Kong is seeing luxury brands consolidating their networks with some merging their stores, while others are abandoning their leases altogether. With Chinese shoppers...