News & Media
INTERESTING RETAIL FACTS from the NAB
E-Commerce or online sales are changing the how we do business today in Australia. Interesting & astounding figures provided by the National Australia Bank estimated that around 71% or $21.7 billion of the total retail sales that took place in Australia for the year ended December 2016 were transacted online.
This has major repercussions for the retail industry & owners of retail property. It would suggest that we are bound to see continued rationalisation of retail representation on the ground & undoubted challenges in both reviewing & establishing economic retail rental levels & more flexible lease terms.
We are able to advise you on strategy & values should you need assistance in this area.