Is China Town Changing the Game for Retail Space?
The retail sector has been vibrant this year, with several buildings receiving fresh coats of paint, new shelves, and flooring to accommodate new tenants. Notable improvements and stores have opened along major routes like Jinja Road, where retailers such as Beko, Dr. Mattress, and many others have launched outlets. An intriguing new player, China Town, entered the market earlier this month and quickly became known for its low prices on appliances and accessories. The excitement was so great that the store had to close temporarily due to an inability to manage the large crowds. As landlords, we are always seeking retailers and anchor tenants to boost the value of our properties, especially in terms of revenue. While the exact rent China Town is paying the Lugogo Mall owners remains undisclosed, one thing is certain—the volume of people the store has attracted is enormous, and when tenants make money, landlords make money. So, in this article, we explore what the buzz around C...