Our Recent Research

Commercial Property
Rob Ellis

Another All-Time High For Shopping Centre Transactions

In spite of the growing uncertainty surrounding the impact of the omicron coronavirus variant on economic activity in general and retail spending in particular, shopping centre transactions maintained their strong momentum as the year drew to close. The Data App estimate the value of transactions reached an all-time high, for the three-month average to December, at over $2.3bn. This surpassed the previous record set in November. On the same basis, the volume of space transacted (GLA) also reached a new peak. By all measures, despite a slight moderation, shopping centre transactions remained strong as the year came to an end.

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Commercial Property
Rob Ellis

Value of Shopping Centre Transactions Reaches An All-Time High

Even though shopping centre transactions moderated in November, The Data App estimate the value of transactions for the three-month average to November, at over $2bn, was an all-time high. On the same basis, the volume of space transacted (GLA) also reached a new peak. By any measure, despite the moderation, shopping centre transactions are booming.

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COVID-19
Rob Ellis

Getting Quarter of Million Workers Back To The Office

Following Australia’s 18-month fight against the COVID 19 pandemic, and people now drifting back to work in varying degrees, changes to commuting patterns have emerged which could have long term consequences for Australia’s CBDs.

A review of office occupancy and commuting (car traffic numbers, public transport use, walking, cycling and taxi) data highlights, at its likely peak, that there were approximately 228,000 thousand fewer office workers making the daily commute into Australia’s six largest CBD office markets. This equates to around 20% of the office population not going into the CBD each day.

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Commercial Property
Rob Ellis

Record Breaking Shopping Centre Transactions

The surge in shopping centre transactions, which started in the second quarter of the year, continued unabated through October. The number of shopping centre transactions, according to The Data App estimates, reached an all-time record high in the three months to October. On a similar basis, the volume of shopping centre gross lettable area (GLA) transacted is the second highest on record.

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Commercial Property
Rob Ellis

Pandemic-Proof Shopping Centre Transaction Boom

Irrespective of the uncertain outlook for retail spending, large areas of the economy continuing to experience restricted physical movement, as well as numerous retail outlets closed, the surge in shopping centre transactions continued in September. Indeed, The Data App estimate the current number of shopping centres changing hands, in the three months to September, is the strongest since the transaction boom towards the end of 2017. Needless to say, both the volume of shopping centre space and the value of assets transacted are also strong and significantly higher than a year earlier.

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Commercial Property
Rob Ellis

Shopping Centre Transactions Boom

In spite of vast swathes of the country experiencing varying levels of lockdown, as well as many retail outlets closed, a very strong level of shopping centre transactions continued unabated in August. The upswing in the number of transactions, which commenced in April this year, has also seen a surge in both the value and volume of shopping centre transactions. The Data App estimate, in the three months to August, the number of transactions is over three-fold higher than a year ago, while the value of transactions, touching close to $1bn over the same period, is the highest since January 2018, thereby predating the pandemic.

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