JLL has released their 'Welcome to Retail in Asia Pacific' report, and looking at the Beijing market, they have detected an increase in upmarket retailers entering the market and many international brands also opening stores. They also commented on high-volume streets for retail across the Chinese capital.

As China’s capital, Beijing remains a coveted location for international retailers looking to enter or expand in the vast China market, especially within North China.

Beijing at a glance:

• Total Population: 22.3 million people
• GDP per capita: $17,219 USD
• Household Disposable Income: $8,809 USD
• No. of Foreign Tourists: 4.2 million people / year
• No. of Domestic Tourists: 171.0 million people / year
• Metro Ridership: 9.67 million daily riders

Once famed for its open-air markets, the Chinese capital is now flush with modern malls, mega flagships, and designer boutiques.

Sanlitun is known for its trendy vibe, while Guomao offers an upmarket experience. Traditional retail precinct Wangfujing, meanwhile, presents a multitude of options in one of the most storied pockets of the city.

The suburban mall boom also continues to attract retailers from across the globe, particularly as families increasingly flock to shopping malls to eat, shop, and be entertained.

New brands to market: Abercrombie & Fitch, Gentle Monster, Lululemon, Topman, Golden Goose Deluxe Brand, Filorga, Marcelo Burlon, and Versus Versace. 

JLL in their report feature the main high street location in the city: Heralded as “the most famous shopping street in China” and a must-see destination for tourists, Wangfujing high street pairs dynamic retail varieties with exciting food and beverage choices scattered across 800 metres of pedestrianised road.

JLL's report also highlights eight key malls in the market:

1. Beijing Oriental Plaza
2. Beijing SKP
3. Xidan Joy City
4. Beijing APM
5. Taikoo Li
6. IKEA Livat
7. China World Mall
8. Indigo

Click here to download the full JLL Welcome to Retail in Asia Pacific report

For more information or to discuss the report or other JLL research contact James Assersohn Director of Retail for JLL via the contact details below.

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