€8-12/m² rent per day is the range of official asking rents for Shanghai’s top retail locations in Q2 2013. A price quote per day/sqm? Yes, this way it doesn’t look so ridiculously expensive to foreign expansion managers. Or is it because many stores will not see the end of the lease contract, having to close because €300/m² per month needs London’s consumer affluence to work?
Would you know your average rents/m² and whether they are in line with the assortment´s capabilities?
Collected by Guido Schild, Corporate Developer @ Team Retail Excellence