Research

Asia Pacific Retail Market Dynamics Q1 2025

Bright spots emerge amid economic headwinds

May 23, 2025

Highlights from the report include:

Major retailers maintain interest in premium locations, with apparel, F&B, and entertainment brands leading leasing momentum amid economic uncertainties.
Vacancy edges higher despite a drop in new completions. Rental growth slows overall, dragged by Greater China's weakness, as other markets hold firm or post modest gains.
Asia Pacific retail markets set to see continued performance divergence. Ongoing macro risks will likely shape consumer sentiment and retailer strategies differently across the region.

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