MELBOURNE CBD - Knight Frank the Melbourne CBD retail Core grew to 137 as at June 2017, up from 65 five years ago. Whilst the Melbourne CBD retail Core recorded an increase in vacancy over the past year, vacancy in CBD shopping centres reached a series low, falling to 1.0%. Retail Overview In the 12 months to May 2017, consumer sentiment decreased by 5.0%, largely driven Strength of Melbourne retail market sparks wave of transaction Strong investor demand for retail assets in Melbourne’s CBD has sparked a wave of recent transactions across the city. Prominent developer, VIC Investments Management Group has sold the ground floor and basement space at its ‘Metropolitan’ development at 137 Bourke Street. An off-shore Asian investor purchased the property for close to $8 Melbourne CBD records heightened demand for retail space - Inside
CBRE Melbourne - CBRE Melbourne
retail core. The Melbourne retail rental market continues to be impacted by changes in consumer behaviour and varied consumer confidence. There has been an increasing level of tenant demand from food based operators and an ongoing decline in demand from consumer goods retailers throughout the Melbourne CBD, although we are aware of a
Along with a unique, creative and business development strategies, you must be passionate about developing business strategy/roadmap that are market relative with retail (Business 2 customer) and business 2 business. With your business acumen, you will assist management to maximize business profits through careful consideration and selection of
Investors hone in on Melbourne CBD retail market - Inside Retail CBRE Research Analyst, Verity Jenkins, commented on yields within Melbourne’s retail market: “Yields continue to compress for secondary retail assets, with anything being sold in the CBD generally achieving a sub-5 per cent yield. Colliers International | AU | Retail Real Estate Services I lead the Australian Retail Investment Services team having transacted in excess of $11 billion worth of shopping centres across Australia in the last 10 years. I have been at Colliers International for over 12 years and have 21 years of retail experience encompassing retail investment, leasing and master planning.
Melbourne’s CBD retail landscape has transformed in recent years. Driven by changing consumer habits, the influx of prominent international brands and the rise in population and tourism, the way space is used is shifting. An emerging trend in Melbourne’s CBD is the concept of multi-storey retailing, or vertical retailing. This is seen
Melbourne leads CBD markets globally for yield compression for The report indicates Melbourne was on top when it came to the level of yield compression across key CBD markets globally, with prime yields falling 174 basis point since 2015. The Victorian city was followed by Beijing (-132 basis points) and Berlin (-120 basis points).