Shopping Centre Operators in Australia - Industry Market Research Report

Shopping Centre Operators in Australia - Industry Market Research Report

Shopping Centre Operators in Australia

Shopping centre revenue has declined in recent years, because of highly difficult trading conditions. The COVID-19 pandemic has driven governments to implement significant restrictions on shopping centres. Many retail tenants renegotiated rent or ceased operations entirely while lockdown restrictions and social distancing requirements limited the retail trade. This trend has constrained rental yields and increased vacancy rates in recent years. Shopping centre revenue is expected to rise by 6.6% in 2022-23, as retail trade activity recovers and government restrictions ease. Despite this lift, revenue is anticipated to decline at an annualised 0.2% over the five years through 2022-23, to total $8.8 billion.

Shopping centres develop and manage shopping malls and other retail centres. Shopping centres manage retail property operations, including leasing, maintenance, rent collection and security.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.