China\u2019s shop rents have slid back to 2018 levels as subdued consumer spending continues to weigh on the retail sector, with analysts expecting the pressure to persist for another one to two years.<\/p>\n
In the second half of 2025, average rents across 100 major commercial streets in 15 key mainland cities fell to 24 yuan (US$3.50) per square metre per day \u2014 the lowest level since the second half of 2018 \u2014 according to a report published on Monday by independent real estate research firm China Index Academy.<\/p>\n
The pace of decline accelerated compared with the first half of the year, with rents slipping 0.8 per cent for 2025 overall, a steeper fall than in 2024.<\/p>\n
\u201cSlower growth in catering revenue, compounded by competition from high-quality shopping malls, has put most commercial streets under pressure and pushed rents lower,\u201d the academy said.<\/p>\n
\u201cI think rents will remain under pressure over the next year or two \u2026 unless the economic outlook improves,\u201d said Raymond Cheng, an independent property analyst.<\/p>\n
Chinese consumers have been spending cautiously and saving more amid uncertain job prospects and a prolonged property downturn that has eroded household wealth tied up in real estate.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s shop rents have slid back to 2018 levels as subdued consumer spending continues to weigh on the…\n","protected":false},"author":2,"featured_media":485670,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,144,223439,8192,43055,70070,101,9340,174367,28607,35114,223440,223441],"class_list":{"0":"post-485669","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-china-index-academy","11":"tag-chinese","12":"tag-covid-pandemic","13":"tag-december","14":"tag-economy","15":"tag-peoples-bank-of-china","16":"tag-property-downturn","17":"tag-retail-sales","18":"tag-retail-sector","19":"tag-shop-rents","20":"tag-urban-unemployment-rate"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/485669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=485669"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/485669\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/485670"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=485669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=485669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=485669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}