Figures
Hong Kong Figures - Retail Q1 2026
April 14, 2026 10 Minute Read
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- Leasing volume in Hong Kong’s core retail districts declined on a q-o-q basis due to seasonal factors but increased y-o-y, with 213,800 sq. ft. of space newly leased in Q1 2026.
- The F&B sector leased 43% less space q-o-q, accounting for just 35% of total volume, its lowest share in four quarters. Mainland Chinese tea and coffee shops continued to expand. Fashion brands were the second most active trade, leasing 22% of total volume, their highest share since Q4 2016. The figure was mainly driven by demand from new brands debuting in Hong Kong.
- While vacancy for high street shops in core retail districts increased slightly by 1.0-ppt q-o-q to 6.8%, this was the second lowest figure since Q1 2024.
- Low vacancy pushed up rents by 0.9% q-o-q, marking a fifteenth consecutive quarterly increase.