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Adelaide CBD Retail

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Retail vacancy rates have risen in Rundle Mall to 6.52 percent, together with an increase to 5.83 percent in Rundle Street as at August 2013

Retail turnover in South Australia has risen by 0.3 percent (seasonally adjusted) in the month of June 2013

The Rundle Mall masterplan is expected to draw consumers back into the CBD once complete

Clothing, footwear & personal accessory is the dominant tenant group in Rundle Mall, with 55 percent of the tenant mix

Economic benefits of the mining and defence industries are being offset by a lack of population growth and consumer spending in the State

Recent reductions to interest rates are anticipated to boost retail spending

Source : Savills

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Keywords : Savills