Office: Tenants took upgrade opportunities in response and overall leasing picked up in the quarter, net absorption reaching 8,905 sq m and vacancy dropping 0.8 pp q-o-q to 29.6%. New supply due in 2021 will intensify competition.
Retail: Net absorption turned negative and overall vacancy edged up 0.4 q-o-q to reach 20.8%. However, new on-trend brands are entering, and street stall activities are helping bring shoppers out.
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