off bricks and mortar, Australia faces an undersupply of shopping centres in the coming years, providing investors with an attractive opportunity to profit from the shortage.in the years to come, and much of the extra money will end up in shopping centres.Jones Lang LaSalle notes that in the decade before COVID-19, Australia added 1.13 square metres of retail space for each additional person.
The lag will probably continue because Australia’s logistics sector is also constrained by lack of space for new developments, which hampers its ability to make timely delivery. And for many Australians, when we want something, we want it now, and we’re often more inclined to go to a shopping centre rather than wait for an online delivery.Advertisement
The shortage will inevitably be reflected in higher rents in years to come – indeed, there are signs that retail rents are already rising. Coupled with interest rate cuts, at some point this in turn will drive shopping centre values higher.
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Source: FinancialReview - 🏆 2. / 90 Read more »