• Retail leasing activity in Asia Pacific remained stable in Q2 2017 despite reports of weaker enquiries in some markets.
  • F&B retailers continued to spearhead leasing demand this quarter. India saw a wave of relocations following the recent ban on liquor being served in hotels and restaurants within 500 m. of national highways.
  • Shopping malls continue to upgrade their tenant portfolios and implement measures to enhance the shopper experience. Some malls have been revamped to include a stronger entertainment focus or repositioned to target younger shoppers.
  • The slow recovery in consumer demand will continue to constrain retailer demand for bricks-and-mortar stores, particularly at a time when many groups are allocating more CAPEX to technology and marketing to drive growth.