The retail market conundrum: Why is expansionary demand so strong when sales growth is slowing? (CBRE) 28 October 2024
Over the course of 2024, CBRE has been tracking the emergence of a curious phenomenon across the Asia Pacific retail property market.
Despite slower retail sales growth, subdued consumer confidence, and a raft of negative headlines about certain retailers’ weaker-than-expected performance, retailers across a range of categories continue to aggressively seek expansion opportunities; a trend that is pulling down prime vacancy and driving up rents.
This Viewpoint explains the factors driving this trend and provides recommendations to retail landlords and occupiers seeking to chart a course through what is an increasingly complex marketplace.
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