logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Our website uses cookies and other technologies so that we can remember you and understand how you and other visitors use our website. By continuing to browse this Site, you are agreeing to our use of cookies. Click here for more information on our Cookie Policy, including how you may control the information we collect about you through cookies. Read More Accept
Hong Kong
  • Global
  • United States
  • Angola
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Morocco
  • Netherlands
  • New Zealand
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • Slovakia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
English
  • English
  • 繁體中文
+852 2820 2800
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Global Investors)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Office
      • Industrial & Logistics
      • Retail
      • Education
      • Food & Beverage
      • Hotels
      • Japan Desk
      • Residential
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Capital Advisors
      • Consulting
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Leasing & Advisory
      • Property Management
      • Property Sales
      • Valuation & Advisory
    • Services for Occupiers
      • Enterprise Facilities Management
      • Host
      • Leasing and Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Commercial Properties
      Overseas Residential Properties
  • Research & Reports
    • About Research
      Hong Kong Research Archives
      Asia Pacific Research
      Global Research Gateway
      Global Research Gateway Support
  • People & Offices
    • Leadership Team
  • About CBRE
    • Careers
      Case Studies
      CBRE Summer Internship Programme
      Graduate Training Programme
      Client Tools
      Corporate Information
      Corporate Responsibility
      Investor Relations
      Media Centre
      Asia Media Centre
      Top Hong Kong Real Estate News
      Hong Kong RICS Awards 2019

Previous

NewsFlash - Big Appetite For Industrial Space Continues

Next

NewsFlash - Hong Kong Office Market Cautiously Optimistic For 2H14
  • NewsFlash - Retail Market Stabilizing

NewsFlash - Retail Market Stabilizing

July 17, 2014
  • Email
  • Share
  • Tweet
  • Share

CBRE today launches the Hong Kong Retail MarketView 2Q14. Below are key findings. For more information or to arrange an interview contact [email protected] / 2820 8108.

Mr. Joe Lin, Executive Director, Retail Services, CBRE Hong Kong stated that the retail market is undergoing potential rental correction. “Hong Kong’s retail market has been perturbed by a fall in retail sales for four months in a row, down by 4.1% y-o-y in May. Coupled with the dampening leasing demand for secondary locations, the overall market sentiment is not positive. The retail market is expected to have a rental correction with tier-1 rents remaining stable, while tier-2 rents could drop by up to 15% over the year. There is a potential for both retailers and landlords to regain confidence in the market by the beginning of 2015 with retail sales approaching more sustainable levels.”

CBRE Outloo​k for Retail 3Q14

  • Prime street shop landlords will remain reluctant to lower their rents, while secondary street landlords have softened their stance during rental negotiations, lowering their asking price considerably  
  • In the coming quarters, international, aspirational and mid-range retailers will drive the demand for new space, in response to the growing demand from mainland shoppers for mid-to-lower priced goods
  • Secondary streets will face growing competition from prime shopping centres as retailers show more preference to malls which offer attractive rents and footfall

CBRE Highlights for Retail 2Q14

  • Overall prime high street retail rent dampened with a drop of 0.3% from the previous quarter, the first quarterly decline since the end of 2008
  • Causeway Bay saw its first negative rental growth of -0.6% q-o-q since 2009. Tier-1 street rents dropped by 1.4% q-o-q, showing landlord’s willingness to adjust rents. The fall in rents, however, was only noticeable in fringe locations 
  • There was no apparent slowdown in demand from mass market retailers; cosmetics and footwear retailers as well as pharmacies, for instance, remained active in securing retail space, while that of luxury retailers softened
  • The possible new regulations to control mainland Chinese arrivals and a possible reduction of tourist arrivals by up to 20%, though subject to be confirmed, have implied a shift in mainland Chinese demand. Retailers are now facing the reality of the changing profile from those shoppers, who seek attractive promotions and lower-priced brands

To view full Hong Kong Office MarketView 2Q14, click here​.

​​​​​​​​
​​

Disclaimer:

Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
 

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.​

​​​​​​​

Contact Us

Karen-Lau_326x248
Karen Lau
Associate Director
Greater Bay Area
Marketing & Communications
+852 2820 1522
Nia-Tam-326x248
Nia Tam
Communications Manager
Hong Kong
Marketing & Communications
+852 2820 6511
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About Us
  • Careers
  • Case Studies
  • People & Offices
  • Leadership Team
  • Investor Relations
  • Contact Us
  • Hong Kong Privacy Policy
  • Global Web Privacy and Cookie Policy
  • Sitemap
  • Disclaimer
  • Terms of Use
  • LinkedIn
  • Twitter
  • Youtube
  • Facebook
  • Instagram
  • Wechat