\n\n|
<\/p>\n RANK 2020<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n RANK 2019<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n MARKET<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n LOCATION<\/b><\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n RENT<\/b><\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 1<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 1<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Hong Kong<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Tsim Sha Tsui<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $1,607<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 2<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 2<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Tokyo<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Ginza<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $1,223<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 3<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 3<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Sydney<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Pitt Street Mall<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $974<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 4<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 5<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Seoul<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Myeongdong<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $930<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 5<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 4<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Osaka<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Shinsaibashisuji \/ Midosuji<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $805<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 6<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 6<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Shanghai<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n West Nanjing Road<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $600<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 7<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 7<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Beijing<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n CBD<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $500<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 8<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 8<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Nanjing<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Xinjiekou<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $470<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 9<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 9<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Melbourne<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Bourke Street<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $422<\/p>\n
\n <\/td>\n
\n <\/tr>\n |
\n|
<\/p>\n 10<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n 10<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Singapore<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n Orchard Road<\/p>\n
\n <\/td>\n
<\/p>\n |
<\/p>\n $421<\/p>\n
\n <\/td>\n
\n <\/tr>\n<\/tbody>\n<\/table>\n \u00a0<\/p>\n
\n
<\/p>\n Asia Retail Trends<\/u><\/b><\/p>\n
\n
<\/p>\n \n- Rise of localism \u2013 Shoppers have become more supportive of local
\nbusinesses to help them survive through the pandemic. In a 2020 global survey
\nof 8,000 consumers carried out by Rakuten Advertising<\/i>, 50% of households
\nresponded that they had purchased more from local businesses. Furthermore,
\nconsumers in Asia Pacific were more likely to avoid making international online
\npurchases, showing a preference to spend their money domestically. <\/li>\n- Growth of e-commerce \u2013 The pandemic has inevitably increased online
\nretailing as lockdowns and health concerns have pushed purchasers onto digital
\nplatforms. For the Asia Pacific region, which was already a digitally hungry
\nregion, the growth of e-commerce comes as no surprise. The region has a 64%
\nshare of global e-commerce at USD2.5 trillion out of a global total of USD3.9
\ntrillion, according to e-marketer<\/i>. <\/li>\n- The pandemic has also transformed the luxury goods sector with
\nonline share of luxury purchases increasing from 12% in 2019 to 23% in 2020,
\naccording to Bain & Company<\/i>. However, it remains too early to tell
\nif this is a temporary enforced shift or start of a much wider acceptance of
\nonline retailing for luxury goods. While consumers of luxury goods generally
\nprefer to buy in-store to enjoy the accompanying high-quality service, the
\ngrowing presence of omni-channel marketing will have an impact on the evolution
\nof the luxury goods sector. <\/li>\n<\/ul>\n
\n
\n
\n
\n
\n
\n
\n
<\/p>\n Looking Ahead <\/u><\/b><\/p>\n
\n
<\/p>\n The retail sector is facing some of the most significant cyclical
\nand structural headwinds of all real estate sectors; some of which were in play
\nprior to COVID-19 while others have occurred as a result of swift and strict
\nrestrictions on domestic and internal population mobility. Such issues have had
\na disproportionate impact on high-end retail destinations. It is unlikely that
\nthese districts will immediately spring back to pre-COVID performance because of
\nthe slow pace of recovery in international travel, but at the same time it does
\nnot mean that they will fade into irrelevance. The progress made in the
\nroll-out of vaccine programs globally and the gradual return to normalcy will
\nalso contribute to the overall recovery of the retail sector. <\/p>\n
\n
<\/p>\n For retail, in the near term, this means greater bifurcation in
\nconsumer spending; with value-oriented concepts continuing to flourish and
\nluxury retail rebounding more quickly. Following the 2008 global financial
\ncrisis, global luxury retail generally rebounded within a 12 to 18-month
\ntimeline. Evidence from China in 2020 supports this view, which should provide
\na dose of optimism to the luxury sector.<\/p>\n
\n
\n
\n
<\/p>\n While the focus is understandably on current concerns and difficulties,
\nit would be remiss not to keep an eye on longer term opportunities. Over the
\nnext decade, the Asia Pacific regional economy will continue to outpace the
\nrest of the world and grow from a 36% share to 40%. The middle class is
\nforecast to swell by over 1.5 billion over the same period. These trends,
\ntogether with the fact that many markets across the region, especially in South
\nEast Asia, remain underserved by physical retail floorspace highlight the
\nopportunities on offer beyond the current COVID-19 affected conditions.<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Rent Declined by 43% for Causeway Bay Hong Kong, Tokyo, Sydney ranked Top 3 in Asia Pacific HONG KONG
SAR – Media OutReach – 22 April 2021 – Two-thirds of retail strips in Asia Pacific saw
rental declines in 2020, with Causeway Bay in Hong Kong experiencing the
steepest decline at 43%, according to Cushman …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14190"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14190"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14190\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} |