"Food inflation remains above the long-term average, yet the UK’s leading grocers continue to see positive performance driving investor competition for well-located supermarket assets"

"Renewed optimism, underpinned by strong income returns and the prospect of lower interest rates, is expected to support a gradual rebound in retail's investment momentum."

"Japan’s retail sector continues its positive performance into 2025. Strong demand has been witnessed for store openings along premier streets in Tokyo and across regional markets, and availabilities are currently extremely low in such locations. Inbound tourism has gone from strength to strength, and elevated inbound spending should further buoy retail sectors moving forward, although performance may largely depend on respective submarkets’ ability to attract inbound visitors. In the meantime, strong wage growth should bode well for domestic consumption."

"Longer-term disinflationary trends remain intact, driving further interest rate cuts set to boost consumer spending, but will occupier cost increases and US tariffs throw a spanner in the works?"