Stagnant Rents Draw Mainland Retailers to Hong Kong

More Chinese mainland food and beverage and lifestyle brands are setting up shop in Hong Kong, as the city’s retail rents are expected to maintain low single-digit growth in the near term, according to a new report.

Many popular Chinese F&B chains including tea and coffee brands Hey Tea, Nayuki and Manner Coffee, as well as barbecue restaurant Xia Laotaitai, noodle chain Hefu-Noodle and spicy sauerkraut fish specialist Tai Er are expanding their outlets in the financial hub, according to a report published Wednesday by commercial real estate services firm Cushman & Wakefield.