• Retail market sentiment improved towards the end of Q1 2021 amid a gradual decline in new COVID-19 infections.
     
  • Leasing activity showed signs of improvement amid more upbeat market sentiment and sales.
     
  • Casual fashion and F&B-related retailers remained the primary drivers of leasing demand.
     
  • Closures by some retailers along with the expiry of some short-term leases led to higher vacancy.