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Retail Wuhan

July 2021

Report

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  • Erscheinungsdatum : 01.08.2021
  • Seiten : 2 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 2,95 MB
  • Sprache(n) : Englisch

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Inhalt

Retail rent levels pick up

  • In Q2/2021, Wuhan's retail market witnessed the opening of K11 Art Mall (I), located in Wuguang, and Wuhan Jiangchen Paradise Walk, located in Wuhan CBD, pushing the overall citywide stock up to 6.79 million sq m.
  • The opening of new projects brought in several debut stores, brand-new image shops and flagship stores.
  • F&B brands continued to perform well, with debut stores of popular coffee and baking brands are expanding in Wuhan.
  • The citywide retail vacancy rate rose 0.2 of a percentage point (ppt) to 9.1%.
  • The citywide rent has witnessed a small uptick for two quarters but is still under the pre-pandemic level. The average rent for the ground-floor of citywide shopping malls increased to RMB307.8 per month per sq m, and the rent index rose 0.5% quarter-on-quarter (QoQ) but fell 3.2% year-on-year (YoY).

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