“Tianjin’s retail market is gradually stabilising, with format upgrades and new consumption scenarios helping to rebuild footfall and support tenant performance.” – Vincent Li , Savills Research



Retail Recovery Gathers Pace

• Total retail sales of consumer goods fell 1.8% YoY over January–November 2025.

• No new retail projects launched in H2/2025, keeping total retail stock steady at 5.0 million sqm.

• The citywide vacancy rate increased by 0.4 ppts YoY to 11.1% by YE2025.

• The first-floor rent index fell 5.8% YoY, with average first-floor rents easing to RMB283.6 psm pmth.

• Tianjin’s first downtown duty-free store opened at Renheng Isetan, Nankai, combining duty-free and duty-paid retail to support closer links between shopping and tourism.

• Aegean Shopping Mall (河东爱琴海购物公园) was officially renamed Tianjin Grand Canal Place (天津远洋乐堤港购物中心). This change marks the beginning of a new development phase for this commercial landmark.