Why Shop Rents Do Not Follow Retail Sales? A Case in Hong Kong

Figure 1 Time Series of Retail Sales YoY and Retail Rental Index YoY, 2005Oct–2019 Aug, Data Source: rental index from the Rating and Valuation Department, retail sales data from the Census and Statistics Department
Figure 2 Scatterplot of Retail Rental Index YoY (Y-Axis) and Retail Sales Amount YoY (X-Axis) of Hong Kong 2005Oct–2019Aug.
Figure 3 Vacancy Rate of Commercial Properties, 1985–2018. Source: Rating and Valuation Department
Figure 4 Hong Kong retail rental index 1993 — August 2019. Source: Rating and Valuation Department
Figure 5 Hong Kong retail price index 1993 — August 2019. Source: Rating and Valuation Department

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