The two shops in Causeway Bay have ended the “long-term” short-term rental. The dental equipment manufacturer will accept the Yihe Street shop for 300,000 per month.

The retail rents in the retail districts have been falling, and the attractiveness of merchants has continued to rise. Two shops in Yihe Street, Causeway Bay, which have been rented in the form of short-term rentals and short-term rentals in recent years, have rarely been separated from the short-term rentals this month. The first floor of No. 18, Yee Wo Street, which has experienced four years of “long-term” short-term rent, was recently leased at a monthly rent of nearly $300,000, but the rent was reduced by nearly 60% from the previous long-term lease.

Recently, I finally succeeded in winning the long-term tenant’s 18th floor of Yihe Street. The underground building area is about 800 square meters. The first floor building area is about 1400 square meters, totaling 2200 square meters. It is a dental equipment supplier from Singapore. The first branch to be opened in Hong Kong, the monthly rent is about 300,000 yuan, and the rent is about 136 yuan.

Da Honghui Liang Shaohong: First long-term rent in recent years

According to the information, the site was originally leased by Kowloon Watch Bank in mid-2013. The monthly rent was $730,000. The lease was for 2016, but the lease was not enough for one year. After that, the shop was lost for about half a year, and in January 2015, it was short-selled by the candy store. In the following years, although the shop was not lost, it was continuously rented by mobile phone accessories, fashion and other short-term tenants as a special store. The monthly rent was from 150,000 to 200,000 yuan.

The shop has been rented by short-term tenants since 2015 and this month. The long-term rent is about 900,000 yuan. It has been continuously reduced to 300,000 yuan in the near future. Short-term rental career in 4 years. However, the latest monthly rent was reduced by 430,000 yuan from the previous long-term lease in 2013, and it plunged 58.9%.

The owner of the shop is Dahonghui Xingye. The chairman of the group, Liang Shaohong [picture] confirmed that the shop has been rented out, “the first long-term lease in recent years.” Causeway Bay is the retail district with the largest adjustment in rent. The current market conditions have been “good Panyu”. The rent has fallen to a certain level and has begun to take over. The Yihe Street has always had a good flow. He believes that the retail market will not be too bad this year. However, the industry that is actively expanding in the tourist areas is very limited. It is difficult to increase the rent, but it is more optimistic about the prospects of the shops in the Minsheng District.

Telecommunications company 230,000 rent McDonald’s building floor

In addition, Shop G1, G/F, McDonald’s Building, 46-54 Yee Wo Street, Tong Yi Street, was also rented out on a long-term lease after two years of short-term rent. The construction area of ​​the shop is about 1002 square meters. The latest monthly rent is about 230,000 yuan, and the rent is 230 yuan. It means that the new tenant is a telecommunications company.

Before the shop, a long-term tenant was a telecommunications company 1010 with a monthly rent of 420,000 yuan, but it was completed in early 2017. Since then, the shop has been operated by mobile phone accessories store in the form of short-term rent, with a monthly rent of about 100,000 yuan. After two years of renting and long-term rent, I finally succeeded in winning long-term tenants, but the rent was $190,000 or 45.2% lower than the previous long-term rent.

Shops in Causeway Bay continued to record rental transactions with higher rents. The market reported that the G and J shops on the ground floor of Percival Building, 77-83 Percival Street, with a gross floor area of ​​about 750 square feet, a pharmacy from 2014 Since the lease, the monthly rent is 980,000 yuan. The latest rent is $650,000 per month. The rent is about 867 yuan. The rent is down by 330,000 yuan or 33.7% from 5 years ago.