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Prime retail rents are high and holding - Q1 2013

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Prime retail rents are high and holding - Q1 2013

Pacific markets gained prominence in the Q1 2013 global retail rankings, as both Brisbane and Melbourne ranked among the most expensive prime retail markets, as tracked by CBRE’s quarterly prime retail rent ranking.

CBRE retail professionals reported that global demand from international retailers remained strong; a dynamic which, when coupled with a modest supply pipeline, has lead to record-high prime rental rates. However, our professionals also indicated that given the frothy levels, renters are considering off-prime or secondary locations and showing a reluctance to pay record high rates.

Source : CBRE

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