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Industrial & Logistics

India Industrial and Logistics 1H/2023

From the publication: Asian Cities Report 1H 2023

"The World Bank has affirmed that GDP is projected to grow by 6.3% in 2023-24, while the average inflation rate is estimated to be 5.2% over the same period. The primary factors contributing to the downward trend in inflation include the easing of global commodity prices, a slower pace of currency depreciation, and a moderation in domestic demand."

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Office & Business Space

Singapore Offices 1H/2023

From the publication: Asian Cities Report 1H 2023

"With increasing economic challenges and the shedding of workers in the tech industry, the Singapore office market is now at a crossroads. Although many tenants have been impacted by the troubles afflicting their respective industries, their office leases still have a reasonable runway left, courtesy of signing long term leases when times were good. However, today, more find themselves with space which they do not need and are actively trying to lease out."

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Retail

Shanghai Retail 2H/2022

From the publication: Asian Cities Report 2H 2022

"A surge in COVID cases and subsequent lockdown in March had an outsized effect on the retail market, with Shanghai’s retail sales falling 10.7% YoY in the first three quarters of 2022, with wholesale and retail sales down 9.4% YoY, and accommodation and F&B sales down 24.8% YoY After the lockdown was eased in June, consumption began to recover with consumer spending skewed towards food, though there was also a pickup in some discretionary expenditure in Q3/2022, such as NEVs (New Energy Vehicles), smartphones, jewellery and cosmetics growing by 39.8%, 6.6%, 4.9% and 1.3%, respectively."

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