Chinese Malls Waive Rents as Vacancies of 30% Loom

Chinese Malls Waive Rents as Vacancies of 30% Loom

Tomohiro Ohsumi/Bloomberg

Pedestrians walk past billboards for Burberry Group Plc, left, and Chloe brand outside a shopping mall under construction in Shanghai. High-end brands typically pay lower turnover rents because of the prestige they bring to shopping centers, as well as obtaining free-rent periods.