Real estate expert Sway reports that because landlords in the area continue to hike rents, specialty stores have disappeared
By: George Liao, Taiwan News, Staff Writer
The rent for UA’s Gongguan store is reportedly NT$1 million a month. UA had agreed a contract to rent the store until August 2022, UDN reported.
Sway said the university’s commercial circle was originally designed to attract not only students but also tourists. However, since landlords have kept hiking rents, many of the specialty stores in the area have left and were replaced by international brands.
Sway added that these stores sell well-known brands and commodities, but lack character, and since they are ubiquitous do not provide a compelling reason to visit or shop in the area.