Page 61 - May2021

sYDneY
Sydney is the largest and most populated city in Australia, with a fantastic array of
things to do, places to visit and of course, plenty of clothing stores to shop in. Paving
the way for the fashion forward folk of Australia, Sydney not only has the best of
the best in terms of high-end and high street, it’s also where the greatly sought after
fashion event of the year is held, Australian Fashion Week. The city is the state capital
of New South Wales and the most populous city in Australia and Oceania. Situated on
Australia’s east coast, the metropolis surrounds the world’s largest natural harbour, and
sprawls towards the Blue Mountains to the west. Key retail streets and areas include
George Street, which is located in the central business district and is Sydney’s original
high street and even today remains one of the busiest streets in the city centre. In
addition, Pitt Street Mall is well known for the pedestrian only retail centre of Pitt
Street Mall, a section of the street which runs from Market Street to King Street. On
the F&B front, Sydney is home to many of Australia’s best restaurants and offers a
diverse range of cuisines.

toKYo
Born of commerce and complexity, Tokyo is the very definition of a metropolis.
Twenty -three wards, 39 municipalities, and 13.6 million people join to form Japan’s
capital. Include the three surrounding prefectures of Kanagawa, Saitama and Chiba, and
you have a population base that exceeds 36 million people. Tokyo is the premier portal
to world business in this part of the globe and it is one of the largest cities globally
in terms of economic size. The archetypal Asian metropolis, Tokyo is a heady blend of
the futuristic and traditional. From neon signs to Shinto shrines, this is a city of true
sensory overload. Revolving around its food culture – Tokyo has everything you could
possibly be looking for, be it fine French dining or b-class gourmet, this city has it all.
Tokyo has achieved an almost mythical status as a culinary sanctuary that no other
metropolis comes close to: Tokyo boasts 230 restaurants with at least one Michelin star
and 13 restaurants with the coveted three-star ranking. The key retail areas include
Ginza, Shinjuku, Shibuya, Omotesando, Aoyama and Harajuku whilst new retail entrants
to the market include Onitsuka Tiger, Apple, Innisfree, Palace Skateboards, Stone Island,
Kakao Friends and Charles & Keith.

toronto
The capital city of the Canadian province of Ontario, it is the most populous city
in Canada and the fourth most populous city in North America. Last year proved to
be a challenging year filled with uncertainty for retailers in the city, but with many of
the same obstacles continuing into the year ahead many retailers will continue to fight
strongly against store closures and worse. Despite everything however, the outlook is not
negative and this unique city will still see many segments such as grocery, QSR with
drive through and dollar stores still thriving and looking to expand. Whilst investment
activity naturally declined in the wake of Covid-19 lockdowns, optimism returned as
the year progressed and the current listing pipeline suggests that volumes will make a
near full recovery in 2021. Overall market confidence continues to feed demand for all
types of development land, with a focus on quality. Land parcels will see elevated of
liquidity in the year ahead as developers’ home in on zoned industrial or residential
sites in prime locations which allow for rapid construction starts. After a tough 2020, a
general optimism has returned to the city as it remains an excellent retail hotspot for
tourists and industry professionals.

The above excerpts are from the following sources: Cairo: Living In – BBC Travel Series, CBRE’s Canada Real Estate Market Outlook 2021,
CBRE’s KSA Market Outlook H2 / 2020, Cushman & Wakefield’s Global Cities Retail Guide, JLL’s The Cairo Real Estate Market: A Year in
Review 2020, JLL’s City Momentum Index 2020: Creating a Resilient and Responsible City, Knight Frank’s Europa Cities Guide & Savills Market
in Minutes.

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