Hong Kong Rents Suffer Amid Protests

The video discusses the impact of ongoing anti-government protests in Hong Kong on retail and office rents. Analysts predict significant drops in rents due to decreased retailer interest and luxury brands like Prada and LVMH scaling down operations. The protests have led to large demonstrations in shopping areas and a decline in tourism, further affecting retail rents. Retailers are expected to be cautious in expanding their operations in Hong Kong.

What percentage drop in retail rents is forecasted by analysts due to the protests in Hong Kong?

• 20%

• 15%

• 10%

• 5%

Which luxury brand decided not to renew their lease in Causeway Bay?

• Gucci

• Hermès

• Prada

• Chanel

What action did LVMH reportedly take in response to the protests?

• Opened a new store

• Expanded their existing store

• Closed their store in Times Square

• Increased their marketing budget

Besides protests, what other factor is contributing to the decline in retail rents in Hong Kong?

• Decrease in tourist numbers

• Rise in tourism

• Government subsidies

• Increase in local population

How are retailers expected to approach their operations in Hong Kong moving forward?

• Completely withdraw

• Cautiously expand

• Maintain current operations

• Aggressively expand