Asia Pacific Retail Innovation Index 2024

In today's highly competitive Asia Pacific retail market, retailers must continually create innovative products, services and experiences to differentiate themselves from their peers. With brick-and-mortar retail space remaining an integral part of consumers' shopping journey, retail real estate continues to play a major role in the creation and delivery of innovative brand experience.

Based on its market-leading research, CBRE has identified 12 attributes that nurture innovation in retail real estate across four pillars: 1) Market size; 2) Consumer profile; 3) Retailer growth strategies; 4) Spaces that tell a story.

CBRE has used these attributes to create the Asia Pacific Retail Innovation Index, which analyses the innovation performance of major cities in Asia Pacific and identifies their strengths, weaknesses and relative appeal to retailers. The report also provides recommendations to retailers and landlords on how to spark innovation and creativity in their portfolios to address retail industry trends and evolving needs and expectations.