CBRE: Retail rents in Sydney up 1.5% in 2016
In its Asia Pacific Market Outlook 2016, CBRE highlighted how trends for retail property rents vary quite markedly across the region. CBRE grouped markets in four categories: Growth Slowing; Steady Growth; Peaking and; Continued Decline. Sydney is included in the second of these. CBRE is looking for retail rents in Sydney to rise by 1.5% in 2016, having risen by 1% in 2016. CBRE estimates that the retail development pipeline for Sydney over 2016, 2017 and 2018 includes 4mn square feet of space.
Source : CBRE/ February 2016/Sydney/RET