Retail in Asia

In Markets

Ten trends to shape China’s retail property market in 2014

Cushman & Wakefield, the world’s largest privately held real estate services company, has recently highlighted 10 ongoing trends that will shape China’s retail property market this year.

"China’s retail sector is one of the most compelling markets in the world and will continue to remain so for decades to come," said James Hawkey, managing director of retail services for Asia-Pacific at Cushman & Wakefield. "It is changing daily, maturing at an exponential rate, with greater geographic scope, larger demographic reach, and a deeper physical and virtual architecture."

The 10 trends are listed below:

  1. E-commerce surging ahead
  2. Department stores under pressure
  3. Expansion strategies are getting less aggressive
  4. Potential for oversupply
  5. Polarization
  6. Food glorious food
  7. The mega-mall boom continues
  8. Chinese consumers are maturing and getting savvier
  9. Lifestyle products and mall positioning
  10. Government will begin to rethink land use strategy
     

(Source: Shanghai Daily)