Gao Li International: three quarter Guangzhou retail property again active

Source: Internet
Author: User
Keywords Once again the retail market
Tags consumer consumer goods consumer goods market consumer market consumption continued economy entertainment
Since March, the steady growth of the domestic economy has made the retail industry gradually warmer.  And the government of Guangzhou and Foshan to stimulate the consumption between the two places, the same time the spring and autumn Shopping festival, put forward more promotional incentives, but also led to shopping, catering, entertainment consumption and other retail industry growth, has become a major reason for the retail market again active. High-Power International report shows that the retail consumer goods market continued to maintain a steady growth, to August 2009, Guangzhou total retail sales of consumer goods amounted to 231.64 billion yuan, an increase of 13.8% year-on-year, indicating that the retail consumer market has been steadily upward. The High Force International report shows that this quarter, the Tianhe District Plaza and Haizhu District Yan Hui Plaza Two retail commercial projects launched the market, providing about 120,000 square meters, the new supply to the overall vacancy rate slightly increased. Major commercial projects under construction are still in the pipeline and are expected to be completed and put into use as far as possible before the Asian Games.  Guangzhou commercial property market was again active in the retail market, the overall average rent with a slight increase in the last quarter, the August bulk leasing transactions contributed to the overall market climate is gradually clear; The overall vacancy rate for retail properties in Guangzhou rose to 17% in the third quarter, led by new supply.  The vacancy rate is expected to continue to rise at the end of 2009, with the main inducement being that a number of new supplies will be launched in the fourth quarter, and that the Chinese plaza will be rebuilt in the near future, and that the market will be evacuated by November. Driven by the buoyant consumer market and a large leasing deal in the retail property market, investors showed a positive attitude towards the retail market in Guangzhou, which led to a slight rise in the overall retail market rents this quarter. The notable example is that the group of 130 million rents the 58000 square metres of shopping malls in Zhonghua Square at the annual rent, and rents 3.25% from the third year, with a lease period of 14 years. In the quarter, the average rent at the first floor of the urban Quality Shopping centre reached a monthly rate of 629 yuan/sq m, a slight increase of about 2.3% over the last quarter. Guanli
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