[on.cc East Net News]The fifth wave of the epidemic continues to heat up, dragging down the retail rental market, and the vacancy rate is hard to see improvement. According to the data of Central Plains (Industrial and Commercial Shops), the vacancy rate of shops in various core areas did not change much in January. The vacancy rates in the four core areas all rose slightly month-on-month, and only the Mong Kok area recorded a decline. However, compared with the same period of last year, the vacancy rate of shops in the core area has decreased significantly, and the vacancy rate in the Central District, Tsim Sha Tsui and Causeway Bay areas has dropped by more than 6 percentage points year-on-year.
Huang Weiji, director of the retail department of Central Plains (Industrial and Commercial Stores), said that according to the statistics of Central Plains (Industrial and Commercial Stores), the vacancy rate of shops in the five core areas last month fluctuated within a narrow range month-on-month. Among them, the vacancy rate of shops in Central District recorded about 14.29%, a slight increase on a month-on-month basis. 0.03 percentage points, a significant decrease of about 6.2 percentage points year-on-year. The vacancy rate in Causeway Bay was about 4.99%, a slight increase of about 0.04 percentage points over December last year, and a significant decrease of about 6.36 percentage points over the same period last year.
As for the vacancy rate of shops in Tsim Sha Tsui, it was about 10.32%, an increase of about 0.07 percentage points month-on-month, and a significant decrease of 6.86 percentage points compared with the same period last year, which was the area with the most significant year-on-year decline. On a monthly basis, only the vacancy rate in Mong Kok decreased, from about 9% in December last year to about 8.96% in the latest, and decreased by about 3.07% year-on-year. Wan Chai District is relatively weak. In January, the vacancy volume of shops in this district recorded about 14.22%, an increase of about 0.05 percentage points month-on-month, and a decrease of only about 0.56 percentage points year-on-year, which continued to be high.
Huang analyzed that the trend of the epidemic is closely related to the market for leasing shops. The epidemic affects the willingness of citizens to go out and directly affects the confidence of tenants to open shops. The fifth wave of the epidemic broke out suddenly in January. After more than a month of fighting the epidemic, there is still no sign of control, but it is heating up day by day, and the number of confirmed cases has repeatedly hit new highs. He expects that the vacancy situation in the core area will continue to stalemate in February, and it will take a turn for the better when the epidemic improves.
[FormoremovieanddramanewsdetailspleasegotoOriental Daily News】