One of the key trends predicted for 2025 is a retail sector revival, particularly in prime locations. This challenges the idea that retail is in decline due to the growth of online shopping.
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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