Despite the cost of living pressures and the challenge of on-line shopping, retail rents are rising and so are mall valuations. There’s a reason for that.
Australia’s big shopping centres have been the quiet performers of 2024.
Despite the cost of living pressures and the challenge of online shopping, retail rents are now rising in the best centres, and, as the long-term falls in value stabilise, total returns in the malls have bettered those in the office towers or, surprisingly, in logistics.
