Asia Pacific Retail Market Dynamics Q4 2024

Highlights from the report include:

• The Asia Pacific retail scene continued to paint a diverse picture, swayed by consumer sentiment and tourism trends. While some markets demonstrated resilience, others felt the pinch of economic headwinds on consumer wallets.
   

• Prime locations in key retail hubs continued to attract firm demand for space. Fashion, lifestyle, food and beverage, and entertainment categories were key drivers of leasing activity. 
   

• Across most of the region, rents either held steady or saw modest upticks. However, China and Hong Kong bucked this trend, leading to a reversal in the Asia Pacific rental index's six-quarter growth streak.