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Prime Benchmark - Jan 2023
"It is worth noting that this coversthe 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles."
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"It is worth noting that this coversthe 'prime-prime' segment of most major property sectors in key cities around the region and should not be confused with the market overall, particularly when comparing market cycles."

"Not quite at the pricing plateau yet"

"Rents were broadly unchanged in the last quarter amid softer retail sales and a lack of new lettings."

"The retail sector is looking to be the most resilient of all real estate asset classes this year"

"With the leisure market facing the first festive period in three years without consumer restriction, following strong growth over the summer months, how much will consumer spend be tapered with the rising cost of living and, what other financial pressures face operators, as we move towards 2023?"

"Looking forward, the performance of restaurants, as well as the rest of the hospitality industry, may prove to be more tapered as it attempts to navigate the current economic headwinds"

"So, what’s the outlook for the UK leisure sector?"
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"The retail sector continues to experience a gradual recovery, although many subprime locations still lag. Lifestyle changes induced by the pandemic will likely influence the function and location of retail space going forward. While the resumption of visa-free travel will further improve the sector, benefits may be moderate due to uncertainties in the global economy."

"Rents nudged down marginally in the third quarter in some districts but more broadly appear to have found a floor."
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"Despite the near-term headwinds, Hong Kong remains an attractive investment hotspot in Asia Pacific and a broad-based market recovery is expected once PRC demand returns."