Retail rent slashed 46.8% in Causeway Bay
March 21, 2017 - Causeway Bay
The Rating and Valuation Department (RVD) announced that the most significant rental drop was recorded in the first tier street shops in Causeway Bay in 2017/18.
The rent of a street shop at Russell Street slashed 46.8% y-o-y. Whilst there were 5% - 10% increase of retail rent in livelihood areas.
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