The regional retail market remained stable in Q3 2018, with major markets including Hong Kong, Japan and Korea reporting improving sales growth
Leasing demand continued to be driven by F&B, led by bubble tea shops and coffee chains expanding in Hong Kong, China and Korea, although the competitive nature of the sector resulted in some closures.
Landlords are introducing more entertainment-based retail in shopping centres to increase consumer dwell time. Popular formats include cooking studios, indoor theme parks and games centres.
Economic headwinds will ensure retailers remain cautious towards expansion despite the upcoming festive season.