Asia Pacific Retail Q1 2023

Retail markets benefit from economic reopening tailwinds

June 13, 2023

Highlights from the report include:

  • The aggregate Asia Pacific Retail Rental Index registered a marginal decline during the quarter, after a small increase in the previous quarter which had in turn followed twelve straight quarters of decline

  • Domestic consumer sentiment and overall spending within Asia Pacific is still expected to remain relatively resilient, given sustained tailwinds from the region’s economic reopening, especially from the gradual return of Chinese tourists

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