Haiphong Road rent shop rent rose 11%
The core retail districts have experienced large-scale tenancy cases in the past three or four years. The rents of individual renting shops have recently expired and the rent renewal has rebounded significantly. The unilateral floor shop at the junction of Haiphong Road and Le Road in Tsim Sha Tsui has just renewed its rent at $600,000 a month. The rent has risen by over 11%.
According to market news, Shop No. 8, G/F, Haiphong Building, 53-55 Haiphong Road, Tsim Sha Tsui, has a gross floor area of about 450 square meters. It is currently rented by Tissot for $540,000 a month. The lease is about $1,200. The lease is about July this year. . It is reported that the shop has rented a rent of 700,000 yuan. In the near future, the rent was renewed at a cost of 600,000 yuan. The lease was about 1,333 yuan.
Tissot table renews 600,000 per month
Based on the renewal of rent, the rent was increased by 60,000 yuan and the rent was increased by 11.1%. However, when Tissot entered the site in 2013, the monthly rent was as high as 900,000 yuan, and it is still 300,000 yuan or 33.3% lower than the highest.
In addition, the ground floor of No. 46 Haiphong Road in the same section has a construction area of about 1,000 square feet. The leisure shoe store SKECHERS rented it for 74,000 yuan per month three years ago. The lease was about 742 yuan. The lease expired in June. The brand was 750,000 yuan. Renewed, the rent was about 750 yuan, and the rent rose slightly by 1.1%.