Sydney’s 2025 retail completions to be 33% higher than 2024 totals

A total of 22,500sqm of new retail space entered the market in Q3.

In a recent report, JLL said new retail space totalling 22,500 sqm was added to Sydney’s stock in Q3, up from no completions the previous quarter.

An additional 20,000 sqm of new space is expected by year-end.

Here’s more from JLL:

Quarterly transactions totalled AUD 184.6 million across six assets, 70% below the ten-year average.

The neighbourhood midpoint yield tightened 13 bps from the previous quarter.

Outlook: Retail demand remains stable despite retail spending slowdown

Project completions in 2025 are expected to reach 33% above the 2024 expected total.

Market yields for regional and sub-regional yields are forecast to remain stable.