CBRE

These markets recorded the highest diversity in retail leasing demand.Retail leasing sentiment has been solid over the past 12 months according to CBRE’s Asia Pacific Leasing Sentiment Survey, with over 75% of surveyed brokers reporting leasing enquiries from retailers seeking new setups, expansion and upgrading, indicating appetite for more space.

Sydney and Melbourne, in particular.

These markets have dynamic domestic retail ecosystems.

Shop owners are getting the best units in the most prime locations amidst thin supply. 

Bright spots include commercial, hospitality, and residential sectors.

Uncertain economic conditions push occupiers to prioritise lower rent.

Unassigned seating and collaborative spaces emerged as top workplace efficiency boosters.

Around 32% companies expect an increase in office usage.

In contrast, 35% have no targets or pledges.

Converted hotels and industrial estates offer investors a lifeline.

Cost continues to be an important consideration.

Interest rates continue to slow transaction activity.

Ecommerce and manufacturing retail fuel demand for logistics space, with 3PL players leading the surge.

Soft demand from Mainland China and high capital expenditure in Hong Kong equals drop in leasing volume.

Investment in office and multifamily sectors plummet amid rising interest rates and economic uncertainty, with strategies for recovery in focus.

Asia-Pacific investment volume dropped by 30% in the third quarter this year driven by a rise in retail and hotel acquisitions.