Short-term rent for the Haiphong Road Shop in Tsim Sha Tsui
Retail market conditions have picked up, but many street shops in the core area have not yet received long-term tenant tenants. According to the news, the number one shop at the ground floor of Haiphong Building, 53-55 Haiphong Road, Tsim Sha Tsui, was recently rented by a shoe store for about $250,000 a month. This is the second time since the beginning of this year, the original tenant’s mainland bank has been withdrawn. Short tenants.
The ground floor of Haiphong Road has been stationed by short tenants twice since the beginning of this year.
Two-way tenants this year, 250,000 per month
The above-mentioned ground floor is adjacent to Nathan Road and covers an area of about 1,800 square feet. According to the site, there is only a simple decoration inside. Some of the goods are only placed outside the store and are waiting to be put on shelves.
Looking up the information, the shop was leased by the mainland gold bank at the beginning of the first year at a price of about 1.93 million yuan, which is nearly 55% higher than the old rent at that time. However, at the beginning of the year, the merchant decided not to renew the lease, and changed the shop in the same district to rent two shops at a lower rent. Since then, the original shop has been rented for about $1.2 million per month. However, it has not been accepted until May. The fashion store has a short-term rent of about $250,000 per month. It is now rented by the shoe shop at the same amount.
Mong Kok drug store retired a year earlier
On the other hand, pharmacies targeting mainland customers have also recently withdrawn their rents. According to market news, there is a shop on the ground floor of Youcheng Commercial Center, No. 51, Sai Yeung Choi South Street, Mong Kok. The area is about 400 square meters. The drug store has been rented for about 450,000 yuan per month, but it has been closed since the beginning of this month. It is reported that the lease will be extended to the third quarter of next year. It is estimated that the merchants will move out about one year earlier.
According to the scene, the shop gate has been affixed to the rent advertisement. It is reported that the landlord is now re-leasing the rent, with a monthly rent of about 400,000 yuan, which is only about 11% lower than the old rent. According to the information, the last tenant was also a pharmacy. The monthly rent for the peak retail season was as high as $630,000. The latest rent was 37% lower than that at the time.