Figures
Asia Pacific Retail Trends Q4 2024
January 20, 2025 5 Minute Read
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- Retail leasing momentum in Hong Kong SAR improved in Q4 2024, backed by strong F&B demand. While demand is strong, it has pulled back somewhat from the solid activity witnessed in 2023. However, retailers are still willing to commit to new stores as landlords are more flexible on rents.
- Strong demand and limited availability continue to characterise the retail market in Tokyo and other regional cities in Japan. While expansionary demand from luxury retailers remain stable, Japanese entertainment retailers such as amusement arcades and karaoke bars are becoming more active in prime areas on the back of growing interest from overseas tourists.
- Solid growth in visitor arrivals to Bangkok is spurring demand from international brands in downtown areas, led by F&B and fashion. Health and wellness is a growing focus in shopping malls, with more developers allocating space to clinics and leading hospitals offering minor surgeries and treatments.
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Luke Moffat
Head of Advisory & Transaction Services, Asia Pacific
Vivek Kaul
Managing Director, Head of Retail, Advisory & Transaction Services, Asia
Ayaka Saito
Leasing
Associate Director, Advisory & Transaction Services, Retail, Japan
Fukuhana Zen
Leasing
Senior Consultant, Advisory & Transaction Services, Retail, Japan
Jariya Thumtrongkitkul
Head of Retail and Group Transaction Management, Thailand
