Core Insights - The net absorption of retail properties in Shanghai reached 134,000 square meters in the first half of 2025, influenced by new supply and the entry of high-quality tenants [1] - The average daily rental price for retail properties in core business districts slightly decreased to 31.9 yuan per square meter [1] - The demand for the dining sector accounted for 45% of total demand, making it the largest segment, while retail demand increased to 41%, with apparel demand specifically at 23% [1] - Active expansion was noted in trendy apparel and outdoor sports brands [1] - Government initiatives promoting cross-industry collaboration in tourism, culture, and sports have further stimulated consumer potential, enriching the urban consumption experience and revitalizing the retail market [1]