Regional Shopping Centres Evolve into Experience Hubs Amid Construction Slowdown
Content details
Title
Regional Shopping Centres Evolve into Experience Hubs Amid Construction Slowdown
Website
www.propertycouncil.com.au/property-australia/regional-retail-construction-slows-costs-surge
Industry Body
Subject
Recent reports reveals Australia's regional shopping centres are transforming into experience-driven destinations, focusing on dining, wellness, and sports to enhance community engagement. Despite a 50% drop in construction pipeline since 2020, costs surged by 30%, supporting high occupancy rates. The shift towards mini majors offering convenience and daily needs retail is a notable trend, driving foot traffic and enhancing shopping centre value.
Publishing date
13 November 25
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