Colliers - Consumers Are Seeking Out More Experience - Based Brands Q1 2019 08 May 2019
Beijing prime retail market is seeing landlords frequently adjust their tenant mix, as customers are seeking out more experience based and high-quality retailers.
With no new supply in Q1 2019, the overall vacancy rate edged up...
Beijing prime retail market is seeing landlords frequently adjust their tenant mix, as customers are seeking out more experience based and high-quality retailers.
With no new supply in Q1 2019, the overall vacancy rate edged up 0.2 pps QOQ to 2.3%, while the average ground floor fixed rent in Beijing’s mid to high-end shopping centres remained steady at RMB828.1 per sq metre per month, and we predict the stable trend will persist in 2019.
In addition to a revised tenant mix, we recommend landlords consider reconfiguring internal spaces, such as creating more rental spaces, or relocating tenants, to improve rental performance.
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