Luxury retail rents slow

Source:Global Times Published: 2013-4-12 0:38:01

The growth rate in rent for luxury shopping malls in Beijing saw a slowdown in the first quarter because some luxury brands have slowed their expansion in major Chinese cities, global real estate consuntancy Jones Lang LaSalle said in a report Thursday.

But the rent for mass consumption shopping malls in Beijing still saw stable growth in the first quarter as more mid-level brands quickened their expansion, the consultancy said.



Posted in: Industries

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