Hong Kong Small Business Vanishes With Soaring Rent

Residential buildings stand behind a bus depot in the Tai Hang area of Hong Kong, China, on Saturday, March 30, 2013. Rents are climbing in neighborhoods near Causeway Bay and Hong Kong's other prime shopping districts, known for luxury stores that attract free-spending tourists from mainland China. That's squeezing out mom-and-pop shops, congee and noodle vendors as developers and landlords seek to profit from the trend. Photographer: Lam Yik Fei/Bloomberg via Getty Images
Residential buildings stand behind a bus depot in the Tai Hang area of Hong Kong, China, on Saturday, March 30, 2013. Rents are climbing in neighborhoods near Causeway Bay and Hong Kong's other prime shopping districts, known for luxury stores that attract free-spending tourists from mainland China. That's squeezing out mom-and-pop shops, congee and noodle vendors as developers and landlords seek to profit from the trend. Photographer: Lam Yik Fei/Bloomberg via Getty Images
Hong Kong Small Business Vanishes With Soaring Rent
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Credit:
Bloomberg / Contributor
Editorial #:
165219936
Collection:
Bloomberg
Date created:
March 30, 2013
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License type:
Rights-managed
Release info:
Not released. More information
Source:
Bloomberg
Object name:
HK RETAIL