Colliers - Flash Hong Kong retail 14 June 2018
Hong Kong's retail sector had an impressive start into 2018 with retail sales growing 13.9% YOY so far this year, and reaching record levels comparable to the last market peak. Millennials and Generation Z have been driving the retail market towards more lifestyle consumption and experiential shopping. Premium, leading fashion, and health and beauty are creating robust expansion needs for prime space.
Nonetheless, the retail rental should only see a moderate recovery in 2018 with the overall highstreet rents growing by 1-3% YOY in 2018 and 3-5% YOY in 2019.
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