Retail leasing sentiment improves: CBRE

The city’s retail market outperformed its industrial and logistics segment in the latest sentiment index.

Retail leasing sentiment improved in June 2026, according to CBRE’s Asia Pacific Leasing Market Sentiment Index.

The report showed that Hong Kong’s retail sentiment strengthened from June 2025 to June 2026, based on CBRE’s aggregate market sentiment chart.

Hong Kong’s retail market also appeared stronger than its industrial and logistics segment, which remained below the neutral 50% mark.

CBRE said most retailers across the Asia Pacific were only mildly concerned about the Middle East conflict and were still assessing the situation. Only a few had postponed expansion plans.

The report also found that retail expansion demand remained resilient across most markets, although Australia and some Southeast Asian cities saw some pullback.

Regionally, retail landlords continued to have the upper hand, supported by tighter vacancy in prime locations and limited new supply.

For Hong Kong office leasing, CBRE said the typical lease term is three years, whilst large tenants may take longer leases of six to nine years. Most leases include an option to renew for three more years.

Office rents in Hong Kong are quoted in Hong Kong dollars per sq ft per month, based on leased area as defined by the landlord, with service charge excluded.

The report was based on 618 responses from CBRE leasing market professionals across the Asia Pacific, collected from 11 to 20 May 2026.