Industry Analysis & Industry Trends
Retail property operators are battling many of the same enemies that the retail sector faces. Poor consumer confidence, competition from online retailers and an oversupply of retail property are among the key challenges. The retail property market showed signs of improvement over 2009-10 and 2010-11 after rental income plummeted in 2008-09. However, retail conditions faltered during 2011-12 as global economic uncertainty weighed on consumer spending. While vacancy is below the peak of 2008-09, this is largely due to the use of leasing incentives and low rental prices. IBISWorld estimates that revenue for the Retail Property Operators industry will grow at a compound annual rate of 3.7% over the five years through 2013-14, to reach $16.2 billion... purchase to read more
Industry Report - Industry Locations Chapter
Retail property operators are dispersed throughout the country. The majority of retail revenue, however, is earned across three main states. New South Wales, Victoria and Queensland account for the largest market shares, with 30.3%, 25.0% and 21.0% respectively. The remaining states and territories comprise 23.8% of total establishments.
The regional distribution of Australia's retail establishments is largely a reflection of population demand pressures, with New South Wales, Victoria and Queensland over three quarters of the nation's residents. Because of this, future growth in establishments is expected to mostly follow regional population movements... purchase to read more