Russell Street, once the world’s most expensive retail strip and home to brands such as Burberry and Prada has seen its character change dramatically during the coronavirus pandemic.
The street was taken over by mask retailers that paid much lower rents following an exodus by the big names that once made Causeway Bay a shopping mecca for tourists. But this trend may be fading, as Hong Kong rents seem to have bottomed out, Midland IC&I said.
