Overview

Shopping around: Operators are changing their tenancy mix to compete against online retailers

IBISWorld’s Shopping Centre Operators market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry faces challenges of subdued trends in household consumption and the emergence of online shopping
  • Subdued sales of consumer goods to constrain industry expansion

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    Industry Analysis & Industry Trends

    The Shopping Centre Operators industry leases floor space to a range of retail industries and increasingly to tenants that provide services, entertainment and food. Strong investor appetite for retail property is driving demand for industry services, mainly due to growth in capital values.

    Industry growth has fluctuated over the past five years due to shifting consumer sentiment and increased competition from online retailers. However, the industry has slowly recovered from weak demand caused by the global financial crisis. Retail vacancy rates have gradually improved, and increased rental yields have supported stronger revenue growth. The construction of new shopping centres and upgrades to existing centres have paved the way for increased lettable floor space...

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    What is the Shopping Centre Operators industry?

    Industry operators manage four main types of shopping centres: regional shopping centres, sub-regional shopping centres, neighbourhood shopping centres and CBD shopping centres.

    Sub-regional shopping centres

    Sub-regional shopping centres represent the industry's largest product segment, and are estimated by IBISWorld to account for one-third of revenue in 2016-17. Rental income derived from sub-regional shopping centres has fallen as a share of industry revenue over the past five years. This is due to struggling retailers exiting the market over the period, thus leaving industry operators with high vacancy rates...

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    Additional Insights for the Shopping Centre Operators Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Shopping Centre Operators Industry are

  • Carrying out all necessary maintenance to keep facilities in good condition
  • Ability to effectively communicate and negotiate
  • Good project management skills
  • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and grocery stores and Demand from consumer goods retailing in the Shopping Centre Operators industry impact industry performance..

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    Look under the hood?

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    Products & Brands

    Major products in this industry
    Regional shopping centres
    Neighbourhood shopping centres
    Sub-regional shopping centres
    CBD shopping centres
    Factory outlets and other retail properties
    Examples of brands in this Industry
    Scentre
    Westfield
    Federation Centres
    Novian

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from supermarkets and grocery stores
  • Demand from consumer goods retailing
  • Demand from online shopping
  • Level of urbanisation
  • year bond rate

  • Current Performance
  • Profitability strengthens
  • Trading conditions
  • Chart: Revenue Growth

  • Industry Outlook
  • Profitability remains sluggish
  • Changing business models
  • Table: Shopping Centre Operators Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Shopping Centre Operators Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Cinemas
  • Consumer Goods Retailing
  • Supermarkets and Grocery Stores
  • Fast Food Services
  • Cafes and Coffee Shops

  • Key Selling Industries
  • Advertising Agencies
  • Commercial Cleaning Services
  • Electricity Retailing
  • Investigation and Security Services

  • Products & Services
  • Sub-regional shopping centres
  • Regional shopping centres
  • Neighbourhood shopping centres
  • CBD shopping centres
  • Factory outlets and other retail properties
  • Chart: Shopping Centre Operators Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumer goods retailers
  • Supermarkets and fresh food stores
  • Fast-food outlets, cafes and restaurants
  • Other tenants
  • Chart: Major Market Segmentation for the Shopping Centre Operators Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Shopping Centre Operators

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Shopping Centre Operators Industry

  • Industry Globalization
    Major Companies
    Scentre GroupVicinity Centres
  • Table: Scentre Group - financial performance
  • Table: Vicinity Centres - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Shopping Centre Operators Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Shopping Centre Operators Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Anchor Tenant
  • A major retailer that is a prominent tenant.
  • Neighbourhood Shopping Centres
  • Shopping centres that contain at least one supermarket, with total retail space of less than 10,000 square metres.
  • Regional Shopping Centres
  • Shopping centres that contain at least one department store. Total retail space ranges between 10,000 and 30,000 square metres.
  • Retail Reit
  • Retail real estate investment trusts that own and operate retail properties and generate revenue by leasing to retail tenants.
  • Sub-Regional Shopping Centres
  • Shopping centres that contain at least one discount department store. Total retail space ranges between 30,000 and 85,000 square metres.
  • Vacancy Rate
  • The amount of space unoccupied as a percentage of total available space.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Shopping Centre Operators:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Shopping Centre Operators market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Shopping Centre Operators, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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