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Commercial Property

BIS Oxford Economics has been forecasting movements in Australian commercial property markets since 1988. Our reports on the office, retail, large format retail, hotels and industrial sectors focus on future market trends and what they mean for our clients.

Large Format Retail Property 2016 – 2026

Report Published: December 2016

Price:

Contact: Beverley Taylor

+61 2 8458 4245

BIS Oxford Economics has a long and established reputation for independent analysis of the large format retail property market, publishing our first study in 1999.

The report traces the development of the large format retail phenomenon – from its first boom phase based on the construction of multi-tenanted centres to the current wave of expansion driven by home improvement superstores – and assesses the outlook for large format retailing in Australia.

Forecasts of consumer demand are provided by sub-sector over the next ten years. Expected economic conditions and other factors influencing consumer expenditure are incorporated into the forecasts. Demographic factors underpinning demand are also considered.

On the supply side, our extensive database underpins our forecasts for new large format retail centres and freestanding superstores by state and major metropolitan area. Given the closure of Masters and likely reconfiguration of many of its stores into large format centres, we consider how easily this quantum of floorspace might be absorbed and what the implications are for others seeking to develop new projects.

Demand and supply side forecasts are the building blocks for our rental growth projections. We also consider other important influences, such as the fall in the $A and its impact on retailer profitability and capacity to pay higher rent, as well as competition from the online sector.

The report provides ten year forecasts of rents, yields and capital values for large format retail centres. Future market balance is assessed and investment risk and return issues are addressed.

 

REPORT – 2016

Adobe PDF document files for download by subscribers.

REPORT: LARGE FORMAT RETAIL PROPERTY 2016 – 2026 (pdf, 855 KB)

POWERPOINT PRESENTATION – 2017

Adobe PDF document files for download by subscribers.

LARGE FORMAT RETAIL : PRESENTATION FEBRUARY 2017 (ppt, 2.65 MB)