New demand drivers and shifting occupier requirements

1. THE FUTURE OF LUXURY
RETAIL IN ASIA PACIFIC
NEW DEMAND DRIVERS AND SHIFTING
OCCUPIER REQUIREMENTS

2. Asia is reaching saturation point
Over 90% of international luxury retailers
have at least one standalone store in the
region

3. 5 of the 10 most expensive
global retail markets are
located in Asia Pacific:
Hong Kong
Toyko
Melbourne
Sydney
Beijing

4. Over the past 3 years,
237 luxury retailers have opened
stores for the first time in 27 cities
across Asia Pacific
Luxury retailer penetration is high
in most APAC markets
CHINA 87%
HONG KONG 81%

5. Over the past 3 years,
237 luxury retailers have opened
stores for the first time in 27 cities
across Asia Pacific
Luxury retailer penetration is high
in most APAC markets
CHINA 87%
HONG KONG 81%
Australia only has 50%
penetration, primarily due to the
dominance of department stores
Therefore Australia offers
significant opportunities for luxury
retailers
In 2014, 16 luxury retailers entered
the Australian market, double the
total of 2012 and 2013 combined

6. Penetration of luxury retailers in Asia Pacific:

7. Total luxury sales by region:
Global sales of personal luxury goods totalled EUR 224 billion in 2014.
One-third was accounted for by Asia Pacific.

8. Several emerging trends
which are set to provide the
sector with a source of
leasing demand:
- Affordable luxury brands
- Food & beverage in luxury
retail stores
- Luxury childrenswear

9. TO VIEW THE FULL REPORT
VISIT THE RESEARCH
CENTRE AT WWW.CBRE.COM