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 Products Chapter
Retail property is a diverse asset class. Retail premises range from single shopfronts in traditional strip locations to fully contained regional, suburban or city shopping centres, bulky goods depots, hotels and licensed clubs and pubs.
Shopping centre operation
Shopping centres are estimated to be the largest retail property segment by revenue. Over the past 25 years, these outlets have become an increasingly important part of Australia's retail sector. In more recent years, the exploding popularity of online shopping has highlighted some benefits of shopping centres. Specialty retailers in larger centres that are anchored by a supermarket have performed better than stand-alone bricks-and-mortar retailers... purchase to read more