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Retail sector Beijing Q4 2015

Report

Reihe: Savills Briefing

Anbieter: Savills

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  • Erscheinungsweise: Quartalsweise
  • Berichtszeitraum: 4. Quartal 2015
  • Erscheinungsdatum : 29.02.2016
  • Seiten : 3 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,77 MB
  • Sprache(n) : Englisch

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Inhalt

  • Retail sales increased 7.3% year-on-year (YoY) to RMB1033.8 billion in 2015. Meanwhile, online retail sales continued to post aggressive growth, registering 40.2% over the same period.
  • One new project entered the market in the fourth quarter of 2015, with Carrefour Siyuan Shopping Mall (家乐福四元广场购物中心) in the Wangjing district adding 70,000 sq m of retail GFA to the market. As a result, the year's total supply reached 570,000 sq m, increasing overall stock to around 10.41 million sq m.
  • Increasing pressure from online competition and overseas buying witnessed shopping mall city-wide occupancy rates decrease 0.6 of a percentage point (ppt) quarter-on-quarter (QoQ) to 94.8% by the end of Q4/2015.
  •  Beijing shopping mall first-floor rents held stable at RMB895.8 per sq m per month.
  •  The market will continue to decentralise in 1H/2016, as the majority of new supply scheduled to launch is to be located in suburban areas. The anticipated vacant spacein the newly launched projects is expected to see city-wide occupancy rates witness a marginal decline.

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