• The recovering economy and improving labour market conditions underpinned stronger leasing momentum in Q2 2021. The gradually increasing vaccination rate also supported more upbeat retail market sentiment.

 

  • Leasing activity continued to pick up, with several retailers committing to sizable leases of over 10,000 sq. ft., enhancing occupancy rates in core areas.

 

  • F&B related retailers accounted for over 40% of leasing volume in core areas in Q2 2021. Casual wear retailers were also active.

 

  • Landlords are regaining confidence amid the market recovery. High-street shop rents registered the first gains since Q2 2018.