Leasing activity in Asia Pacific continues to recover

Retail leasing activity in Asia Pacific continued to recover as more retailers capitalized on tenant-favored markets to secure lower rents in prime locations, according to a CBRE report. New demand was dominated by domestic food and beverage retailers and sporting goods brands. Rents finally stabilized.

The report also found Asia Pacific investment turnover rose by 5.7 percent year-over-year to $41 billion in fourth quarter 2021, pushing up full-year turnover to $141 billion, slightly below 2017’s high of $142 billion. Cross-border investment returned to pre-pandemic levels, supported by Asia Pacific investors’ strong appetite for overseas assets.

To download the full report, click here.