Brief
Asia Pacific Retail Trends Q3 2026
October 13, 2026 5 Minute Read
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- In Japan, competition for space remains intense, prompting occupiers to pay above asking rents to secure flagship locations. Activity is being driven by fashion retailers, led by sports and athleisure brands. Space scarcity is pushing retailers to adopt a more flexible attitude toward location, with secondary high streets in prime areas and emerging locations being considered.
- Leasing sentiment is bullish across India with retailers’ expansion plans seen in all major markets; limited new supply is the only constraint. Fashion and apparel brands are the largest demand driver, while F&B demand is picking up strongly. Limited availability in prime locations and improving infrastructure are spurring the creation of new high streets in secondary and peripheral areas.
- Retail leasing activity in the Philippines is healthy in prime districts and retailers are expanding. High occupancy in shopping mall ground floors is forcing retailers to consider high streets and office podiums. The F&B sector, especially casual dining formats such as coffee and bubble tea shops, is most active, with both international and local groups expanding their footprint.
Related Insights
International and domestic visitor arrivals in mainland China both surpassed pre-pandemic levels in 2025 and set new record highs.
Occupiers in Australia's major cities are accelerating decision-making to secure quality space amid tightening supply.
Leasing sentiment in Korea has strengthened over the past six months, with dry warehouse vacancy falling to single digits amid rising occupier demand.
In Japan, the Bank of Japan has lifted its policy rate twice this year to 1.25%, taking funding costs to their highest level in years.
Research Contacts
Business Contacts
Vivek Kaul
Managing Director, Head of Retail Leasing, Advisory Services, Asia
Sam Embling
Sales Brokerage Director, Retail Tenant Representation, Pacific
Mamm Argos
Head of Retail & Transaction Management, Philippines
