Retail sector Beijing Q3 2013

Inhalt

• The retail sales growth rate slowed to 8.7% year-on-year (YoY) during the first eight months of 2013.
• Supply in Q3/2013 totalled 128,000 sq m, bringing total retail stock to 9.1 million sq m.
• The city-wide mid- to high-end shopping mall vacancy rate fell by 0.1 of a percentage point (ppt) in Q3/2013 to 8.4%.
• Mid-to high-end shopping mall first-floor rents increased by 0.7% quarter-on-quarter (QoQ) to an average of RMB897.4 per sq m per month.
• Six projects are expected to enter the market in Q4/2013, adding 537,000 sq m of new supply to the market.
• The city-wide shopping mall vacancy rate is expected to increase slightly, due to the large amount of new supply.