ASIA: A recent report from CBRE’s Asia Pacific Retail Innovation Index identifies Tokyo, Bangkok, and Seoul as key players in the region’s retail innovation.
and limited space, emerging markets like Bangalore, Shenzhen, Brisbane, and Ho Chi Minh City show significant promise for retail growth., and innovation is key to thriving in this space. Vibrant retail centers, with varied leasing needs, are nurturing collaboration and creativity,” said Vivek Kaul, Head of Retail for CBRE in Asia Pacific.Since the pandemic, prime retail spaces have become more accessible, with rents dropping in half of Asia Pacific’s markets.
Over the last decade, nearly 70% of new retail developments in Asia Pacific have been concentrated in top-tier cities in mainland China, with Shenzhen leading the charge.
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