The jewelry shop 650,000 rent in the Central store fell 40%
The rent in the core area is still falling. Folli Follie, a jewellery shop, rented the ground floor of Man Ying Building in Central for about RMB 650,000. The rent dropped by nearly 40%. Another Giordano shop has recently been rented and extended to rent two storefronts at Lockhart Road in Causeway Bay for $400,000.
Store rental activities were slightly accelerated, while rents in the core area were still being adjusted. The ground floor of Wan Yi Mansion in Central was leased from the jewelry store Folli Follie and is expected to open in the short term. The shop is located in the heart of Queen’s Road Central. The paving area is about 1,200 square feet, the monthly rent is about 650,000 yuan, and the rent is about 542 yuan.
Folli Follie Hire a bargain ground floor
It is reported that before the shop, the tenant was the Body Shop, and the monthly rent exceeded RMB 1 million. After the lease was completed, the lease was paid for several months and the new rent fell by about 35% to 40%.
It is understood that Folli Follie had originally rented a shop in the same area as the Chinese. The monthly rent was about 1.8 million yuan. He had already moved out of his lease when he was full. Now he can save rent by moving.
With the improvement of retail sales, retailers are more willing to rent than last year, and local fashion is also losing rent due to rent. According to sources, the ground floor and 1st floor of Heiya Plaza, Lockhart Road, Causeway Bay, covers an area of approximately 2,000 square feet and was rented by the local fashion house Giordano (00709) for a monthly rent of about 400,000 yuan.
He Ya Plaza Shop Relocation
Giordano has recently expanded aggressively, including the earlier hiring of the Sai Yeung Choi Street South shop in Mong Kok. The monthly rent is about RMB 900,000.
From the ground floor to the third floor of Heiya Plaza, it has an area of 6,298 square feet. In the past, it was leased by a single tenant four times, including bauhaus and Superdry. However, after the retail sales weakened, the shop had paid Kyrgyz for 9 months and had short-term rental. Form rent out. Now the owners have rented out the shops and rented the ground floor and the first floor.