Research

Asia Pacific Retail Market Dynamics Q4 2024

Mixed leasing trends with demand driven by fashion, F&B and lifestyle tenants

February 21, 2025

Highlights from the report include:

The Asia Pacific retail scene continued to paint a diverse picture, swayed by consumer sentiment and tourism trends. While some markets demonstrated resilience, others felt the pinch of economic headwinds on consumer wallets.
Prime locations in key retail hubs continued to attract firm demand for space. Fashion, lifestyle, food and beverage, and entertainment categories were key drivers of leasing activity.
Across most of the region, rents either held steady or saw modest upticks. However, China and Hong Kong bucked this trend, leading to a reversal in the Asia Pacific rental index's six-quarter growth streak.

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