2022 – 2023 retail rental forecast
RETAIL LEASING DEMAND REBOUNDS AS SPENDING RECOVERS
Growth to slow
Growth to resume 9% 6% 3% Y-o-Y Change
Retail rents to experience mild growth
Vietnam numbers are >30% in 2022
0% -3% -6% -9% -12%
2022
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Auckland
Tokyo (Ginza)
Brisbane - CBD
HCMC - CBD
Hanoi - CBD
Sydney
Melbourne
Singapore
Perth - CBD
Guangzhou
Shenzhen
Beijing
Shanghai
Melbourne - CBD
Sydney - CBD
Perth
Taipei
Brisbane
Hong Kong SAR
-15%
2023F
Remarks: Retail rental growth refers to high streets in prime areas except mainland China, Singapore and Australia where G/F rents of shopping centres are reported. Pacific reports net effective rents of regional centres unless specified. Source: CBRE Research, January 2023. 20