Construction Insights for Global Occupiers
The new supply of retail projects could exceed the threshold of 200,000 sq. m in 2024, when considering that 140,000 sq. m of shopping centers and retail parks were delivered nationwide in Q1 – Q3, according to the Cushman & Wakefield Echinox real estate consultancy company. In 2023, developers completed 213,000 sq. m of new retail spaces, a record of the last seven years.
