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Retail Property Rental Rates – Growth still strong due to steady Demand

By on Aug 14, 2013 in Property News, Research

CBRE’s Q2 2013 Asia Pacific Retail MarketView reveals that rental growth largely unchanged as retailer demand remains steady across most markets.Retail sale growth

  • Retail rental growth in Asia Pacific was largely unchanged in Q2 2013 as retailer demand remained steady in most markets. The CBRE Asia Pacific Retail Rental Index increased by 0.7% q-o-q in Q2 2013, a similar rate of growth to the 0.8% q-o-q rise recorded in Q1 2013.
  • Taipei recorded the strongest rate of growth regionally with rents rising by 3.6% q-o-q as a number of new leases were signed by international retailers in prime locations.
  • Mid-range fashion retailers continued to lead expansionary activity in Asia Pacific with a number of new openings. Luxury retailers remained active in major markets whilst F&B retailers were expanding in emerging Southeast Asia, India and Australia.
  • Retail rents in Asia Pacific are expected to continue to record moderate growth in the coming months. Leasing demand should remain steady led by Southeast Asia where the emergence of a large middle class with high levels of disposable income is attracting more international brands.

This is an extract from Asia Pacific Retail MarketView Q2 2013, click to download the full report.

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