Korean restaurants to increase rent 3 into grab shops
The catering industry has recently been the most active industry for rent expansion. In recent years, there have been a few cases in which Korean restaurants have been rented and renewed. Some restaurants have nearly 30% more rent to rent. This shows that the leasing capacity is not weak.
For example, Han and Korean dishes, which have been operating in Hong Kong for many years, have been renewed to cover an all-floor flat on the 9th floor of Tai Hung Fai Center, 55 Chung On Street, Tsuen Wan earlier, covering an area of about 8,243 square feet and an average rent of $ 42 per square foot, 278,000 yuan, the new rent increase of about 26%.
Tai Po 1520 sq ft monthly rent 140,000
Shop 60, G / F, Tai Po Plaza, 1 On Tai Road, Tai Po, Minsheng District. It covers an area of 1,520 square feet and was previously leased for $ 140,000 per month by a Korean restaurant with an average lease price of $ 92 per sq ft. In comparison, the increase was about 27%. On the ground floor of 15 Tsing Fung Street in Tin Hau, the restaurant was also renewed for $ 105,000 at BBQ 7080, with an average rent of $ 103 per square foot and an increase of 31% over the previous rent.
In Tsim Sha Tsui, the same case of renewal was also recorded. Shop G37, G / F, Ground Floor, Peninsula Center 67, covers an area of about 825 square feet. It was renewed by the South Korean restaurant for $ 80,000 and an average rent of $ 97 per square foot.
Weng Zhenman, UMC’s regional sales director, said that since the introduction of popular Korean culture into Hong Kong, the rise of Korean products and food products together with the similar eating habits between the two places make it easier for Hong Kong people to accept it. Moreover, the Korean restaurant prices are very popular, suitable for friends and relatives to gather, as well as festivals and celebrations, so that the restaurant has a stable customer base, especially in some local development for many years in the traditional Korean restaurant, more dominant, so rental capacity superior.
In addition to the large chain of Korean restaurants, there are many new Korean restaurants in recent years, including fried chicken, Korean barbecue, army pot, etc. In order to catch up with the trend, many local food groups have started to establish their own Korean restaurant brands. For diners to bring more food choices and a wide range of services. Such restaurants dominate the young market, because they will be more willing to spend, so the trend is expected to continue the spread of Korean restaurants, I believe in the future there will be more different brands of Korean restaurants was born.