- The overall retail vacancy rate increased from 5.5% to 6.5% half-over-half.

- The prospect pool of new emerging businesses to backfill the vacancy remains shallow as many existing tenancies try to preserve their cash and rationalize stores rather than expand.

- 430,633 sq. ft. of retail product was completed in H1 2020, leaving more than 2.5 million sq. ft. in the construction pipeline.