RESEARCH
Following a slow recovery post covid, CBD retail is bouncing back strongly with a notable tightening in vacancy rates over the past six months, driven by increased foot traffic...
According to CBRE’s Australian CBD Retail Vacancy H2 2024 report, the national retail vacancy rate decreased by 80 basis points (bp) to 11.3%, marking the lowest level since...
The report, which surveyed 5,665 retail outlets across five capital cities, saw Melbourne emerge as the standout performer, maintaining the lowest vacancy rate in the country at...
Sydney’s vacancy tightened by 29bp to 7.1%, while Brisbane and Adelaide also saw improvements, with vacancy rates declining to...
The increase in workers returning to the office, coupled with rising tourism and international student inflows, has led to more foot traffic in CBDs, fuelling occupier appetite for...
Sydney: Luxury brands boost CBD
Sydney’s CBD retail vacancy tightened for the third consecutive half-year, dropping 29bp to 7.1% in H2 2024. The retail scene was bolstered by the arrival of...
Arcade retail vacancy saw the largest decline, dropping 76bp to 6.9%, with the Strand Arcade achieving full occupancy (0.0% vacancy) for the first time. Strip retail vacancy also...
Melbourne: revitalisation pay off
Sydney’s CBD retail vacancy tightened for the third consecutive half-year, dropping 29bp to 7.1% in H2 2024. The retail scene was bolstered by the arrival of...
Melbourne’s CBD retail vacancy tightened by 85bp to 6.0% in H2 2024, marking the third consecutive half-yearly decline. Arcades and retail centres saw...
Brisbane: Major projects drive visitation
Brisbane’s CBD retail vacancy decreased by 68bp to 18.5% in H2 2024, driven by increased tenant demand for flagship stores in prime locations and a gradual return to...
Perth: Luxury retailers transform the CBD
The west coast city was bolstered by the arrival of luxury brands, including Gucci, Omega, Cartier, and Longines, which have opened new stores in the...
Adelaide: Steady growth supports retail recovery
Adelaide’s CBD retail vacancy improved by 105bp to 7.7% in H2 2024, the third-lowest vacancy rate in the country. The decline was driven by tightening across...