Retail to see improved footfall and tenant sales in H2 2022: analyst

In Q1, prime rents in commercial areas edged up by at least 0.4% QoQ.

The retail sector is expected to stand on firmer ground in the second half of the year, following improved activity in the first half, professional services and investment management firm Colliers said.

In Q1 2022, prime rents in both Suburban and Orchard locations edged up by 0.7% and 0.4% QOQ respectively, which Collier said reflects an "improving consumer and business confidence."

In the coming quarters, Colliers said "consumer footfall and tenant sales are likely to increase" amidst the lifting of travel curbs and safe management measures and resumption of live performances and the reopening of nightlife businesses.

The tightening of vacancy rates amid limited new supply is also expected to back the gradual recovery of retail rents from H2 2022 onwards, Colliers added.

The analyst, however, said that pace of improvement would like to be tempered by "persistent inflationary pressures and manpower shortages."

Apart from shopper traffic and tenant sales, Colliers said prime retail capital values are also poised to grow going forward on the back of "renewed investment interest in these assets."

In Q1, the average capital values of prime retail assets increased by 0.1% QoQ.

Follow the link for more news on

Colliers

singapore retail rents

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