Retail

"The retail sector continues to experience a gradual recovery, although many subprime locations still lag. Lifestyle changes induced by the pandemic will likely influence the function and location of retail space going forward. While the resumption of visa-free travel will further improve the sector, benefits may be moderate due to uncertainties in the global economy."

"Rents nudged down marginally in the third quarter in some districts but more broadly appear to have found a floor."

"Despite the near-term headwinds, Hong Kong remains an attractive investment hotspot in Asia Pacific and a broad-based market recovery is expected once PRC demand returns."

"UK retail yields start to rise in the face of economic concerns"

"Is the cost of living crisis impacting central London?"

"Activity levels picked up in the second quarter as locally-focused retailers moved to take advantage of lower rents and improved availability in prime locations. "

"Asia’s place in the international retail scene is already well established but we have recently seen a growing focus on ASEAN markets with their favourable demographics, emerging middle class and extensive new infrastructure aligned with a swift post-COVID resurgence in trade and tourism."

"The retail sector has begun to see some improvements over the past half year as COVID-19 has gradually shifted toward an endemic state. Nonetheless, this recovery has not been evenly distributed, and there is still a stark dichotomy between prime and non-prime locations. Rising costs and a weak yen will apply inflationary pressure, but the impact is likely to be manageable, while a weak yen also presents an opportunity for inbound capital."

"Hopes of a recovery earlier in the year have been dashed by a fifth wave of infections and stricter containment measures."