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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.