大中华区零售物业供应 需求核心趋势-2024 9月刊 GREATER CHINA RETAIL SUPPLY DEMAND TRENDS -ADVANCING THROUGH INNOVATION.docx

GREATERCHlNA

RETAILSUPPLY/

DEMANDTRENDS

ADVANCINGTHROUGHINNOVATloN

SEPTEMBER2024

TheGeneralMarket

????

Guangzhouadded683,o00sqmofnewprimeretailsupplyduringthepastyear,withemergingsubmarketstaking75%ofthespace,bringingthe

Guangzhouadded683,o00sqmofnew

primeretailsupplyduringthepastyear,withemergingsubmarketstaking75%ofthe

space,bringingthecitysprimeretailstockto5.6millionsqm.

Footfallandconsumerdemandreboundedsignificantly.primeshoppingcentresincore

submarketswithsuperiorlocationsand

strongoperationalcapabilitiescontinuetobethefirstchoicefortenantswhenopeningnewstores,andvacancyratesincoresubmarketsremainlow.Thecitysprimeshoppingcentre

overall,strongeconomicfundamental

momentumrenderedsupporttothegrowthofshanghaisretailpropertymarketoverthe

BytheendofH12024,thetotalstockin

Beijingsretailmarketwas17.3millionsqm,ofwhichshoppingcentresrecorded15.5

millionsqm.

Theoverallconsumermarketremains

weakenedinthefaceofdownwardeconomicpressure.AIthoughcustomerfootfallhas

reboundedalotoverthepastyear,the

overallconsumptionpowerremainssubdued.AsofH12024,theaverageaskingrentalin

thecitydroppedslightlytoRMB2,20opersqmpermonth,andthevacancyraterose

slightlyto1o.6%.

Inthepastyear,Beijingsretailmarkethas

beensteadilyupgraded.shoppingcentres

havecontinuedtodiversifytheirbrands,andfashionretailandcasualcateringbrandsin

particular,haveseenpositivebusiness

performance.

Approximately600,oo0sqmofnewsupplyisscheduledtoenterthemarketinH22024.

withthesupportofconsumptionand

investmentpolicies,membershipstoreswillalsocontinuetoexpand.In2024,BeijingwillcontinuetopromotetheestablishmentofanInternationalconsumptioncentrecity,andwiththesupportofrelatedpolicies,the

upgradingofcommercialprojects,city

blocks,