Wuhan’s Popular Shopping Center Losing Nearly All Business Tenants

May 16, 2020 Updated: May 16, 2020
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Wuhan Optics Valley Pedestrian Street is considered a paradise for shopping, dining, and entertainment. Tourists visiting Wuhan often put it on their list of must-see attractions.

On April 9, the day after the removal of city-wide lockdown, dozens of business owners held a protest in the shopping district, demanding one year’s free rent.

One year’s free rent, or we will stop the lease and quit.

However, their landlord, a state-owned real estate company, refused to negotiate any form of rent reduction with them.

A video released in early May showed that almost all shops and restaurants on the Pedestrian Street remain closed.

Opened in November 2013, the Wuhan Optics Valley Pedestrian Street, which spans nearly one mile, is said to be the longest pedestrian-only street in the world. The area is composed of five blocks named after their respective architectural styles; Contemporary Charm, Spanish Charm, German Charm, Italian Charm, and French Charm.