Lululemon opens first street-facing store in Central, Samsung takes up prime space as Hong Kong’s retail rent tumbles by a third

With rents along Queen’s Road Central declining by about a third over the last three years, brands and retailers such as athletic apparel maker Lululemon Athletica and appliances and mobile phones giant Samsung are taking up space in a prime business and retail area in Hong Kong’s main business zone.Shop rents in the area have declined by 34 per cent from HK$745 (US$95.5) per square foot a month in the first quarter of 2018 to HK$495 per square foot a month in the third quarter of this year,…

Read the original article at South China Morning Post