Spanish fast-fashion brand Mango has leased a 1,765 sqm space in Hong Kong’s Central district, at Asia Standard Tower on Queens Road Central. This space has been largely vacant since Topshop’s departure in 2020. The new rent is about HK$12 million ($152,400) per month, significantly lower than pre-Covid levels and the peak rent from 2014. Mango’s expansion follows a period of downsizing and reflects a broader trend of global brands returning to Hong Kong as rental prices decrease, signaling renewed confidence in the city despite ongoing challenges such as slow tourist recovery. Local landlords are hoping to attract multinational brands to fill vacancies and boost rents, as the city experiences an influx of middle-class residents from mainland China and a revival of local spending.