Commercial Retail

Capital values were down 18.1% in Q1, the sixth consecutive quarter of decline.

Several businesses opened new stores during the quarter.

It’s a slower rate than the 2.1% drop recorded in the previous quarter.

NEV brands are looking for space in markets such as Tokyo and Seoul. 

This is following the rise of e-commerce-use amidst long lockdowns throughout the country.

Hang Seng Bank recently took over a space previously occupied by Adidas.

Discount retailers are now bumping luxury shops from Central Hong Kong.

Discounts and promos played a major part in keeping the market steady.

Three malls are slated to open sometime this year.

But retailers are still negotiating revenue sharing arrangements with developers.

Rents fell 12.9% to S$26.60 per square foot per month in Q1.

The sector’s recovery won’t start until 2022.

Not only does it rejuvenate the development, it also preserves the memories people have of the place.

Retail mall stock per capita is low in Korea relative to its global peers.

Designers must be adaptive to the changing times in creating spaces.

Prime street shop and major shopping centre rents contracted by 4.9% and 4.8%, respectively.