Research

Australian Retail Market Dynamics Q2 2024

National market statistics

August 07, 2024
Contributors:
  • Andrew Ballantyne
  • Andrew Quillfeldt

Retail turnover growth (year-on-year) continues to trend downwards from a peak growth rate of 11.5%, reaching 1.6% in May 2024. While the cash rate outlook remains volatile, the current restrictive policy stance is slowing the pace of discretionary spending. Nevertheless, vacancy rates remain low and the supply outlook is very muted. Options for tenants are becoming more limited, driving rental growth. Investors are returning to the retail sector given the improving value proposition.

Fill out this form to download report

There was an error submitting the form. Please try again. 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally, the personal information we collect from you are for the purposes of downloading materials you have requested.

We endeavour to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

You may also like

Global | Cities | September 17, 2024 | Government | Office

Low carbon buildings create economic value

Investors and corporate tenants can unlock financial benefits by prioritizing energy upgrades

Global | Cities | September 17, 2024

Experience Matters

What’s driving consumer choice and experience across places and spaces?

Australia | Investor | September 10, 2024

Flex Strategy 101

Discover how flex can transform your office portfolio strategy