Asia Pacific Retail Leasing Static in Q2

• Proeksa Meas
• 31 December 2015
• Local News
• 1475 Views

According to CBRE’s latest research, overall retail leasing activity in Asia Pacific in Q2, 2015 remained static, with the exception of Tokyo, where activity was robust.

Dr. Henry Chin, Head of Research for CBRE Asia Pacific noted that, “This quarter, the retail sector in Asia Pacific recorded slower rental growth as retailers showed caution around expanding in this region. Groups entering new markets are increasingly looking to do so via franchises.

Asia Pacific will continue to see retailers enter the region – along with demand for new space – as landlords look to introduce new brands to attract shoppers. Asia Pacific remains an attractive region for international retailers looking to move away from their home markets due to factors such as the region’s expanding middle class, demographics and urbanisation”.