Retail Investment Sales

A Brief Retail Investment Sales Review

The return of positive net immigration and stabilisation of online sales are providing tailwinds for the retail sector. Sales volumes across all retail sub-sectors are down from strong volumes in 2021 & 2022 as investors grapple with the impact of inflation on customer spending patterns as well as the effect of rising interest rates and how capital markets priced
this risk.

Buyer demand continues to be strongest for Neighbourhood Centres due to lower price point and tenant weighting to non-discretionary spend, however; increased interest in Sub-regional and Regional Centres is gaining momentum as investors chase higher yielding assets that typically are characterised by large land holdings providing mixed-use opportunities.