Q2 shop rents dip, downtown and northern areas buck trend

Q2 shop rents dip, downtown and northern areas buck trend

Shops saw their Q2 average rent per square metre go down by 0.8 per cent to MOP481 (US$59.7) from the previous quarter, the latest information from the Statistics and Census Service shows. However, although new leases were signed at lower rates amidst less optimistic expectations, two districts experienced an uptick. They were Areia Preta and Iao Hon in northern Macau, as well as Baixa de Macau, a term used to refer to the centre of the peninsul…