In September 2015, a CBRE Research Major Report entitled The Changing Retail Landscape – How to Survive the Slowdown in Hong Kong explained how the Hong Kong retail sector is undergoing a structural transformation that will result in a more balanced and sustainable market.

Total retail sales in Hong Kong have registered a y-o-y decline in almost every month since late-2014, with sales of big-ticket items such as watch and jewellery recording a double-digit fall for 22 out of the past 30 months. Luxury brands and tourist-oriented retail trades have scaled back their operations, but mid-market retailers and non-consumption goods-driven retail trades have continued to expand. Shop landlords have become increasingly flexible, with prime street shop rents falling by an average of 23% since the market peaked in Q3 2014.

In contrast to other retail trades, the food and beverage (F&B) segment has weathered the slowdown well, and retailers in this segment retain a positive outlook towards expansion. This major report explains why the F&B sector has been so resilient; how the real estate sector has responded to growing demand from F&B retailers; and provides advice for retail landlords and F&B tenants on how to unlock opportunities in what will continue to be a very challenging market.

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Unlocking Opportunities in Hong Kong Food & Beverage Retail Infographic

Contacts


Marcos Chan
Head of Research
Hong Kong, Southern China & Taiwan
+852 2820 2886
Email

Lawrence Wan
Senior Director
Advisory & Transaction Services, Retail
+852 2820 8170
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Sharon Chan
Associate Director
Hong Kong Research
+852 2820 2841
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Emily Cheng
Associate Director
Advisory & Transaction Services, Retail
+852 2820 1437
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Jerry Ng
Senior Manager
Hong Kong Research
+852 2820 1517
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Peter Leung
Manager
Hong Kong Research
+852 2820 1492
Email

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