Pearl of the Pearl District shop first move to rent

In December last year, the retail outlet market in Macau saw a significant increase, but the increase in turnover was not significant. The main reason is that many businesses hold a wait-and-see attitude and wait for the annual results to be evaluated before making new market deployments. As a result, the pace of expansion has slowed down.

Zhong Zhenhua, Senior Sales Manager of Zhongyuan (Commercial and Industrial) Leasing Department, said that recently the Oriental Pearl Tower received a lot of inquiries. At present, the area is generally leased from about $ 40 to $ 50 per sq ft, which is higher than the average Minsheng District but the vacancy rate in the area is still as low as about 5%, mainly the opening of the Hong Kong-Zhuhai-Macao Bridge will soon be opened, many businesses want to stationed in the first opportunity to welcome. Therefore, even though no new developments in the area have been completed yet, some prospective tenants have already agreed to rent them.