Hong Kong's retail industry is recovering with difficulties. Although the number of tourists is steadily increasing, the trend of Hong Kong residents spending in the mainland shows no signs of slowing down, leading to weak local consumption and putting pressure on the rental market for shops in core districts.

Our research report “Hong Kong Main Shopping Districts Shop Vacancy and Tenant Mix Research Report” covers 4 core districts including Causeway Bay. Tsim Sha Tsui, Central and Mong Kok, as well as Yuen Long and Sheung Shui for analysis of street vacancies. The latest figure (2025Q1) reflects that although the vacancy rate of the 4 core districts increases, the rate of increase has significantly decelerated and the market activity has picked up. The figure can help market participants to understand the potential trend and opportunities in the retail market so they can have a better understanding of the current situation.

Hong Kong's retail property market is now facing uncertainties as the trend that some local people visiting the mainland China is still obvious. That's why the footfall of core areas have not fully recovered. Chinese brands have also started to adjust their business development in Hong Kong with some of them relocated or closed down their branches. Therefore, the vacancy rate of 4 core districts in 2024Q3 increased.

Our research report 'Hong Kong Main Shopping Districts Shop Vacancy and Tenant Mix Research Report' covers 4 core districts including Causeway Bay, Tsim Sha Tsui, Central and Mong Kok, as well as Yuen Long and Sheung Shui for analysis of the latest consumption trend of the local people travelling northward to the mainland China and Chinese brands rapidly expand the branches.The latest figure (2024Q3) mainly reflects the shop market situation about the effect of stimulus packages implemented by the government and Chinese brands rapidly expand the branches. The figure can surely help market participants to have a better understanding of the current situation.

Hong Kong’s retail property market are now recovering, with some sectors taking opportunities to expand into different districts, especially some mainland based F&B brands. As a result, the vacancy rate in the four core districts had decreased in 2024Q1.

Our research report “Hong Kong Main Shopping Districts Shop Vacancy and Tenant Mix Research Report” covers 4 core districts including Causeway Bay, Tsim Sha Tsui, Central and Mong Kok, as well as Yuen Long and Sheung Shui for analysis of the latest consumption trend of the local people travelling northward to the mainland China and the rapid expansion of Chinese F&B brands in Hong Kong. The latest figure mainly reflects the shop market situation under the changes in consumer behaviour due to the trend of travelling to mainland China and the significant expansion of Chinese brands.

The implementation of travelers' clearance between mainland China and Hong Kong is a booster for the local economy. The retail property market has recovered significantly which drives street vacancies in core districts down.

Our research report “Shop Vacancy and Tenant Mix after the Epidemic” covers 4 core districts including Causeway Bay, Tsim Sha Tsui, Central and Mong Kok, as well as Yuen Long. In this quarter, it is our first time to cover Sheung Shui for analysis of the latest consumption trend of the mainland tourists after the border reopening between mainland China and Hong Kong. The latest figure mainly reflects the shop market situation after the cancellation of all anti-epidemic measures.

The visiting flows of people has gradually resumed since the 5th wave of epidemic but the pace of recovery in shop market was below expectations due to a lack of positive drivers, resulting an increase of vacancy rates in four core districts in 2022Q3.

Our research report “Hong Kong Main Shopping Districts Shop Vacancy and Tenant Mix Research Report” covers 5 main shopping districts including Causeway Bay, Tsim Sha Tsui, Central, Mong Kok and Yuen Long, providing vacancy and tenant mix analysis to the market. The latest statistics (2022Q3) mainly reflect the shop market across different period, including the early stage of “3+4” quarantine arrangement, second phase of consumption voucher distribution, and under the repeated epidemics.

Stepping into 2022, the 5th wave of epidemic started to spread the community. Many stores have closed down or were shuttered, after the government tightened the social distancing rules.

Our research report “Shop Vacancy and Tenant Mix during the Epidemic” covers 4 core districts including Causeway Bay, Tsim Sha Tsui, Central and Mong Kok, providing vacancy and tenant mix analysis to the market. Our latest report covers data between January and March 2022, reflecting the shop market situation before and during the 5th wave epidemic, and after the government has rolled out the anti-epidemic measures.

Shop market finally reached the end of tunnel in the beginning of the Year of 2021 amid the easing of anti-pandemic measures in the town, the launch of mass vaccination, and the distribution of consumption voucher.

Our research report “Hong Kong Main Shopping Districts Shop Vacancy and Tenant Mix Research Report” covers 5 main shopping distrcits including Causeway Bay, Tsim Sha Tsui, Central, Mong Kok and Yuen Long, providing vacancy and tenant mix analysis to the market. Out latest report covers data between July and August, the edge of consumption voucher distribution.