Causeway Bay, Hong Kong
Although tepid, retail rent growth on a global basis over the past year has been stronger than that of any other commercial property type, according to research released by real estate services firm CBRE. CBRE’s Global Retail Rent Index rose 4 percent on an annual basis and 1 percent on a quarterly basis in the third quarter of 2013. During the same period, office rents remained flat and industrial rents rose less than 1 percent. CBRE researchers attributed stronger retail rent growth ...
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