F&B silver lining in dampened retail leasing market

Leasing sentiment as of 1Q24 is hovering above 40%

Retail leasing sentiment has dropped in Singapore, data from CBRE showed.

In its Asia Pacific Retail leasing report, CBRE said retail leasing sentiment in Singapore as of 1Q24 is hovering above 40%, lower than the almost 60% recorded in December 2023.

Amongst retail trades, Singapore is seeing the highest demand from F&B.

CBRE said the global shift in consumer spending towards eating out and experiences has driven F&B retailers to expand into other markets, including Singapore.

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