The retail market remains competitive, nonetheless occupancy and rent are still acceptable for landlords throughout 2019.
Going ahead, landlords are likely to implement technology in analysing customer needs. In response to the changing market and consumer habits, landlords will improve shopping experience and maximise the use of spaces to boost foot traffic. More large-format stores will gradually transition to smaller stores. In addition, we expect to see stronger collaboration between online and bricks-and- mortar retail stores, promoting mutualism to enliven the retail business in the future.