Poor consumer confidence, fierce competition from online shopping and an oversupply of retail property are the challenges currently faced by retail property operators. The retail property market showed signs of improvement in 2010-11 after a soft period during the downturn in the Australian economy. However, retail conditions faltered somewhat in late 2011-12 as global economic uncertainty weighed on consumer spending, and this has continued into 2012-13. Industry revenue is estimated to rise 0.9% in the current year. While occupancy is good as a result of leasing incentives and low rental prices, property values are flat.
The industry is made up of companies engaged in the leasing of retail property.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.