The past decade in retail in emerging Asia

^{Note: Figures expressed in real terms and converted to USD based on the
exchange rate of the base year to facilitate comparison over time.
Source: Oxford Economics, as at June 2021}

Figure 2: Distribution of annual occupied retail stock growth across cities (2011-2020)

^{Note: Cities covered in each sub-region include 25 Chinese Tier 2 cities,}
5 Tier 1 cities in Greater China, 6 in India, and 6 in Southeast Asia.
Each data point represents the vacancy rate and the year-on-year growth
in total retail stock of one city for one year.
Source: JLL Research, as at 1Q21