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Asia Pacific Retail Trends Q1 2026
April 17, 2026 5 Minute Read
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- Leasing sentiment is improving in mainland China tier I cities, driven by expansion from local and international retailers. Prime properties in core retail locations of tier I cities are reporting high occupancy, but those in suburban areas and tier II or below cities continue to struggle.
- Korea continues to witness market polarisation amid strong inbound demand and flat domestic consumption. This is leading to tourist-oriented areas such as Myeong-dong, Gangnam and Hongdae outperforming but other locations reporting higher vacancy.
- Although Vietnam consumer sentiment improved in the first two months of 2026, with shoppers shifting from cost-cutting to cautious spending, rising inflation and increasing oil prices could pose headwinds in the coming months. The lack of new supply in CBD areas is forcing retailers to explore options in standalone properties in high foot traffic areas for expansion.
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Research Contacts
Business Contacts
Vivek Kaul
Managing Director, Head of Retail Leasing, Advisory Services, Asia
Alex Lee
Senior Manager, Retail Leasing I Advisory Services, Korea
Mai Vo
Director, National Head of Retail Services, Vietnam
