The quiet recalibration of physical retail
- F&B, wellness, and entertainment tenants are anchoring leasing activity — particularly in high-footfall urban hubs where landlords are prioritizing engagement.
- Performance remains distinctly local — anchored in market fundamentals. While Greater China continues to weigh on regional rent trends, most markets stayed flat or edged higher.
- Q3 investment volumes slowed sharply, though YTD declines remain more moderate. Australia accounted for the largest regional share — supported by domestic investors returning to market.