Hong Kong’s street-shop vacancy stays high amid restaurant failures: Midland report

Quick Summary:

Restaurant, F&B shutdowns kept third-quarter vacancy rate at the highest level since September 2020, Midland report says.

Some 52 non-Chinese restaurants surrendered their leases, while Chinese restaurants and beverage takeaways suffered nine each, Midland said.

Even expansion by Giorgio Armani, Mango and Prada is not expected to quickly turn things around.

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Article Details

Author / Journalist: Salina Li

Category: Business

Markets: Hong KongChina

Topics: Midland Quarter Cent Shops Rate Report Vacancy Districts Four Local Core

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 08:30:07 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 214 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22712524

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