"The Australian economy grew by 1.8% in the March quarter, being the only G7 Nation that has recorded GDP growth relative to pre-pandemic GDP. With the pandemic causing many retailers to close due to Government imposed lockdowns and foot traffic drastically reduced, retail property was negatively impacted."
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"Quarter on quarter rises in rents reflect a gradual improvement in sentiment but any clear turnaround will be dependent on the lifting of border restrictions. "
"In 2020, the Xi’an government promoted the integration of the cultural and tourism industry in the city, causing many retail projects to integrate cultural aspects to attract customers. These additions in commercial projects help meet demand for higher-level consumer experiences."
"Greater KL will see the completion of 13 new malls in the next three years,adding at least 8.9 million sq ft to the market – more than half of which is to be completed this year in 2021."
"Increasing e-commerce opportunities are forcing retailers to improve by combining their offline and online strategies and taking an ‘Omni-Channel’ marketing approach in order to maximise the effectiveness of both. As a result, some retailers are looking to reduce their total rental space."
"Indonesia's GDP plunged 2.007% in 2020 - a marked downturn from the previous year when the country recorded growth of 5.02%. SEA's biggest economy last experienced a contraction in 1998, when GDP fell by 13.1% during the Asian Financial Crisis."
"Virtual or cloud kitchens – also known as ‘ghost kitchens’ – are a virtual restaurant which operate solely for delivery services. Unlike traditional restaurants, cloud kitchens do not necessarily have seating areas for dine-in or even a shopfront."
"In this blog, Alan Cheong discusses the performance across F&B and retail sectors, offering insight into what to expect in 2021."
"We're pleased to present an overview of the year that was and a look forward to 2021 across the Victorian property market."
"We're pleased to present an overview of the year that was and a look forward to 2021 across the WA property market."