Hong Kong Streets lead global retail rents rise. And Small business off Hong Kong Streets. With the recent wave of new specialty cafes opening in Hong Kong, we have yet to made what the outcome will be for our City and our own cafes in 2 years time(usually the lease period nowadays). Every 2 years is a cycle and these cycles are getting harder and harder.Sprudge.com recently did an interview with us, and we were really honored to be included as one of the excellent cafes in Hong Kong. What we didn’t know is that there is a part 2 to it. Part 2 talked about the hardship of operators of cafes in Hong Kong, primarily due to the high rent of the city. Hong Kong had recently opened the boarder to China and their investment opportunities. As a result of that consumer spendings from China tourists in Hong Kong is getting a bit crazy. Ultra Luxury items are selling like hot cakes. All the world’s brand names flock to Hong Kong and fight of prime retail locations. In general an average of 30% raise in rent per year is not unheard of.
It was a pleasant surprise when Mr. Au. from Sprudge.com asked if we were free for an interview back in December, and we quickly said yes. So when the article came out we were really happy to know that he liked our new cafe a lot. It was a real honor to be mentioned by sprudge.com, on top of that they named us as one of the 5 excellent cafes in Hong Kong. We will keep making our coffee great, food delicious and service impeccable. So here is the article, enjoy.