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Hong Kong Retail Leasing - Apr 2021
"Although we are not out of the woods yet, some signs of improvement have been noted in the first quarter as rates of rental decline have slowed and retail sales have picked up. "
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"Although we are not out of the woods yet, some signs of improvement have been noted in the first quarter as rates of rental decline have slowed and retail sales have picked up. "
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"A raft of poor economic data alongside travel restrictions meant a muted end to the year and a much more pragmatic attitude from landlords. "
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"With limited new CBD supply over the short term, new market entrants will be challenged. However, there is a wave of redevelopment underway in suburban street shops and larger mixed use developments."
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"Beijing’s retail market is still recovering from the fallout of COVID-19. The Beijing government is utilising multiple strategies to help boost consumption, with extending the operating time of shopping malls and establishing the “One Policy for One Retail Store” plan to renovate and upgrade old retail projects serving as notable examples."
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"Though Chongqing is still recovering from the effects of COVID-19, there are bright spots in the city’s retail market. In particular, many international brands launched their first stores in Western China in the city, providing more a wider range of exciting shopping options for locals."

"Up-to-date insights from our Global colleagues show us the impact of the latest social distancing and safety restrictions on retail and leisure sectors across the globe"
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"While July and August saw further falls in retail sales, albeit at a slower rate, we began to see signs of returning foot traffic in September. "
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"The Australian retail fuel industry has undergone significant change over the last five years which has seen major oil companies restructure their property and convenience assets, in a bid to protect and grow their market share."
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"Having seen dramatic declines since 2013, prime street shop and shopping mall rents seem to have found a floor but this may only be temporary."
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"In the industrial and warehousing market winners are starting to emerge."