Shopping Centre Performance – Urbis Retail Averages 2010
Urbis, a Melbourne based real-estate consulting company has released Urbis Retail Averages 2010, this year’s edition of the annual survey of shopping center performance the company has been producing since 1992 . Conducted in cooperation with the Shopping Centre Council of Australia and using the Counci’s sales reporting standards, the study provides key results and analysis of the sector for both regional and sub-regional centers. 59 regional and 167 sub-regional shopping centers submitted data for this year’s edition.
Some of the performance measures analysed by the report are:
- $ Average turnover per centre
- % Turnover growth rates
- % Occupancy cost ratio of sales
- $ Sales per square metre
- $ Average gross leasable area (GLA)
The study outlines a sector in expansion in Australia:
In 2009-2010 the biggest sales decrease in Australia for shopping center based stores was in leisure and homewares:
The gap between average turnover per regional centers compared to sub-regional centers continued to expand:
For more details on the report or to place an order visit: http://www.urbis.com.au/
References
Photo Source:
- www.propertyoz.com.au
- Urbis, 2010
Tags: Performance in Australia, Property management, Retail performance, Shopping Centre Performance, Urbis Regail Averages, Urbis Retail Perspectives
