Figures | Creating Resilience

Asia Pacific Retail Trends Q1 2023

May 16, 2023

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Key Trends

  • Retail sales growth accelerates as tourists return
  • Steady retailer expansion boosts leasing activity
  • Tourist-oriented retailers turn more active
  • Luxury retailers display steady demand
  • Labour shortages inhibit service trades' expansion
  • Fewer incentives and intense competition for prime space expected