Colliers International: Quarterly Yangon Retail Report Q1 2019
As of Q1 2019, the citywide average occupancy rate remained at 90% with major shopping malls maintaining almost full occupancy rates. Meanwhile, Colliers anticipates 2019 to have an additional supply of more than 10,000 sq meters. This should continue to encourage tenants’ flight to quality as well as further store expansions going forward.
Colliers urges both developers and operators to channel their investments by integrating more leisure and entertainment-led spaces and activities, not least, the cinemas supplementing the overall shopping experience. This, being a key driver along with other recreational options should provide variety, enticing especially towards the market’s strong young population.” – Hpone Myint Thu, Assistant Manager | Research.
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