Chart of the Day: Retail space vacancies on the rise along Orchard Road

Net absorption is in the red.

There were more unoccupied retail spots along Orchard Road in the first quarter, according to this chart from Maybank Kim Eng.

Orchard vacancies climbed from 5.6% to 7.2% quarter-on-quarter in Q1. The premiere shopping belt was affected by poor absorption of space and strong supply in Downtown Core.

As a result, Orchard Road retail rents slipped 1.6% quarter-on-quarter.

"We continue to expect retail weakness as visitor arrivals could continue to face headwinds from currency effects
making Singapore an expensive destination, while making rival destinations like Japan cheaper. Structural issues of labour crunch and weak economic growth continue to have a negative effect as well," stated Maybank Kim Eng.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia