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Asia retail rents see sluggish growth as store expansions slow

Posted on 23 May 2012

Asia-Pacific retail rent growth “remains sluggish” as Europe’s debt crisis causes retailers to put expansion plans on ice, said property broker CBRE Group Inc. An index of 16 Asia-Pacific market rents recorded an increase of 0.4 percent in the three months ended March 31 from the prior quarter, CBRE said in an e-mailed report.
Hong Kong’s average prime rents rose 1.9 percent, slowing from the 3.3 percent growth recorded in the fourth quarter of 2011, while rents across south-east Asia and in Australia and New Zealand fell 0.3 percent………………………………………..Full Article: Source


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