DTZ: Vacancy rate in Chengdu’s retail market just 7.8% in 2Q15.
According to DTZ’s Property Times, there was no new supply of retail space in Chengdu in 2Q15, with the result that the total stock across the city’s eight sub-markets remained unchanged at just over 5mn square metres. In spite of a steady rise in the total stock over recent years, retail rents continued to firm. International brands which arrived in Taikoo Li during 2Q15 included Marni, Diesel, Jimmy Choo, Estée Lauder EQ:IQ and CCSHO.
Source : July 2015/DTZ/Chengdu/RET