Research

Asia Pacific Retail Market Dynamics Q2 2024

Inbound tourism bolstering foot traffic in parts of the region

August 22, 2024

Highlights from the report include:

Demand in the region remains firm with foot traffic in many key retail hubs bolstered by healthy levels of inbound tourism, reinforcing the ongoing confidence in the retail sector.
Fashion and F&B amongst a diverse range of retailers drive a pickup in quarterly net absorption figures as new outlets get launched in leading shopping centres and areas favoured by tourists. As a result, 14 markets were in positive rental growth territory regionally.
Regional vacancy edged lower for a second consecutive quarter as retailer’s expansionary demand remains resilient and supply volumes shrink compared to last quarter.

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