Commercial Retail

From concept stores to niche groceries to digitalisation efforts, retailers are going all out.

One is a sale and purchase agreement valued at RM2.2 billion.

It has a total of 2.5 million sq ft of lettable area.

Rents will remain largely flat this year.

Find out what strategies mall owners and retailers have been using.

Rent adjustments are not expected to improve vacancy rates.

Completions only totalled 20,700sqm over the last 12 months.

The malls have an average of 1 million sq ft of net lettable area.

The total supply is stable at 1.1 million sqm. 

Over 4 million sq ft of new supply is expected to come onstream in the Suburbs submarket alone.

Vacancy rates are likely to remain elevated.

Rents grew 1.1% to USD 79.1 per sqm per month across the city. 

Vacancy rates in Seoul increased during Q3.

Rents grew 1.6% in Q3.

That is if two projects are completed as scheduled.

Over 60% of the new additions will be from this segment.