Commercial Retail

Q1 volumes hit AUD1.3b, surpassing the 10-year average of AUD879m. 

This amount represents four transactions.

One is a space that was leased for 12.5% lower than its previous tenant.

The largest project was the 4,400-sqm Aston Hills Shopping Centre.

It was a deal worth AUD158m with a passing yield of 5.75%.

Find out which spaces are being rented at lower prices.

The retail vacancy rate hit 7.6% in Q1.

Pop-ups have recently made a comeback in this bustling boulevard.

One new mall hit over 90% occupancy within its first few months of operations.

The demand for fresh leases primarily came from fashion and F&B.

And find out how much more retail supply is in the pipeline.

The lowest vacancy rate was 7.0% in Q3 2015.

This equates to around 460,000sqm of new retail supply.

Prime retail rents grew 2.6% for full-year 2022.

It is tied with Singapore at second place, whilst Chinese cities took the top spot.

Islandwide rents grew 1.6% to $25.15psf per month in 2022.