According to Ray White Commercial, CBD retail assets have shown resilience throughout the overall commercial property downturn, with luxury retail leading the way. In locations like Sydney CBD, 25% of retail space is now occupied by high-end brands, a trend which is expected to continue into next year.
But it’s not just luxury retail making gains. Ray White Commercial said that neighbourhood and sub-regional centres are also thriving – provided they have the right tenant mix. This strength is anticipated to carry forward into 2025.
“Centres that successfully blend convenience-based retail, essential services, and entertainment offerings are outperforming, as consumers seek experiences alongside traditional shopping, particularly in food and beverage precincts,” said Ray White Commercial.
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