Retail Market Update Q2 2024
Challenging operating environment after swift boom in earlier quarter
31 July 2024
Key Highlights
- Despite retail rents and occupancy levels being stable, expected to continue growing with more international brands locating and/or expanding operations in Singapore, the growth will be measured.
- Rising rents and operating costs have begun to deter some retailers from expansions, and might soon threaten to compel others into consolidation instead.
- Prime retail rents remain on track to increase between 2% and 4% for the whole year.
Read full report here.
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