Central A-foot rent 126 East Germany beam material rose 7%

WASHINGTON (Reuters) – Central Mansions rose to $ 126, the highest in 2008, breaking the 2008 record high, which rose 7% and hit new highs. The other shop in the second half of the shop floor bottomed out, but the Central is still 11 million square floor rent, the greater the pressure, expected down about 1 percent.

Mainland banks intend to rent office space

DTZ figures show that the overall rent in the second quarter of the total rent of 126 yuan, up by about 2.9% quarter-on-quarter, calculated for this rent, over the Central Commercial Building in 2008 to rent 125.6 yuan high, a new record high rent. Derek Yee Line Hong Kong Managing Director Xiao Lianghui pointed out that the Central commercial supply of small, demand continued, while the proportion of China in the second quarter accounted for 85% of the high rent, there are still a lot of mainland banks, are interested in Hong Kong rent office , I believe that the situation will remain unchanged in the short term, will continue to dominate the Central commercial rent, is expected throughout the year, China Merchants Building rents rose about 7%, a new high. For the most expensive rent, he said that the high cost of undoubtedly reduce the interest of individual foreign investment in Hong Kong, but Hong Kong business environment is good enough to attract all kinds of institutions to Hong Kong.

Central leisure shop rent is still under pressure

In the second quarter, the rents of the four major core retail outlets (Causeway Bay, Central, Mong Kok and Tsim Sha Tsui) continued to decline, but the decline narrowed by about 1.2% to 3.4%. He expected the second half of the year. Shop rent is still a callback, but the adjustment is close to the end. In the four regions, he believes that Central rents are expected to be higher, because Queen’s Road to the end of the line, idle shop floor is still more, including a number of duplex shops, up to 110,000 square feet of floor rent, expected rent Down pressure, I believe that the next year, there is still 1% of retail rents in Central. Retail market conditions, he expects cosmetics, sporting goods and the next price watch shop, can take advantage of the rent callback and stationed in the core section, expected this year in the rental market is more active.