LEASEWISE NEWSLETTER January 2024
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JANUARY 2024 NEWSLETTER
The retail sector in the second half of 2023 saw consumer sentiment face headwinds amid consecutive interest rate hikes and inflationary pressures.
Bricks-and-mortar retailers in shopping centres bore the brunt of the change in the retail environment although the Landlord’s narrative throughout the year was “traffic is up’’.
The fact remains with the tightening of household budgets, transactions across the majority of categories were down on previous years.
Leasewise Projects
JUL 2023 TO DEC 2023
Irrespective of retailers performance & viability, Landlords still maintained their demand for payment of rent in full and on time.
In many instances, Landlords displayed signs of aggression, sought to claw back concessions granted during the pandemic, locking out retailers facing financial distress.
This will bring its own set of challenges throughout 2024 as they maintain a more rigid stance on contractual obligations.
However, Landlords with the foresight and willingness to work with SME’s through these economic challenges will benefit the most.
New Sites by Major Clients
Despite the retail environment in the post covid era, Leasewise in the last 6 months still managed to introduce sixty-one new sites to the market & renewed twenty-five existing sites across the country. This shows there are still great opportunities for retailers to capitalise on and increase their market share, if they obtain good leasing advise and representation.
Leasewise have been the leaders in assisting retailers with all their leasing needs, from sourcing new sites, negotiating renewals at market terms, market appraisals and reshaping existing leases.
New Sites by Region
Store Openings in 2023
3 Boys Pizza
Pizzeria & Icecream
Opened!!
- Blackburn Square VIC
Breadtop
Bakery
Opened!!
- Werribee VIC
- Chatswood NSW
- Penrith NSW
Coming Soon!!
- Box Hill VIC
- Chadstone Development VIC
- Blackburn Square VIC
- Carlingford Court NSW
- Karinyup WA
- The Park Centre WA
- Fountain Gate VIC
General Public
Entertainment
Opened!!
- Corio VIC
Coming Soon!!
- Ballarat VIC
- Ipswich QLD
Matchbox
Homewares
Opened!!
- Moonee Ponds VIC
Elite Supps
Nutritional Supplements
Opened!!
- Plenty Valley VIC
- Murray Bridge SA
- Cairns Central QLD
- Westfield Knox VIC
- Garden City QLD
- Miranda NSW
- Riverside Plaza Queanbeyan ACT
- Oran Park NSW
Coming Soon!!
- Armadale WA
- Bundaberg QLD
- Figtree NSW
- Top Ryde NSW
- Albany Plaza WA
- Belmont Forum WA
- Browns Plain QLD
- Burleigh Heads QLD
- Macarthur Square NSW
- Melbourne Central VIC
- Tee Tree Plaza SA
- Warringah Mall NSW
- Willow QLD
- Geelong VIC
- Northland VIC
Kitten D’Amour
Womens Fashion
Opened!!
- Doncaster VIC
Mr Papperdelle
Italian Restaurant
Opened!!
- Karingal VIC
SALT & PEPPER
Homewares
Opened!!
- Mt Gravatt QLD
- Rhodes NSW
- Hurstville Pop -Up NSW
- Carousel WA
- Whitford WA
Coming Soon!!
- Belconnen ACT
- Woden ACT
- Charlestown NSW
- Belmont Village WA
- Northgate TAS
- Robina QLD
- Carindale QLD
- Malvern Central VIC
SANDWICH CHEFS
Fast Food
Opened!!
- Rundel Place SA
SUSHIA
Japanese Food
Opened!!
- Glendale NSW
Coming Soon!!
- Singlenton NSW
Twisted Sista
Cafe
Opened!!
- Casey Central VIC
Velvet Bean
Cafe
Opened!!
- Knox VIC
Walkers Doughnuts
Opened!!
- Casey VIC
Coming Soon!!
- Hyperdome QLD
- Strathpine QLD
- OrionSpringfield QLD
- Moonee Ponds VIC
- Traralgon VIC
- Dandenong Plaza VIC
FURTHER STORES COMING SOON
Bad Workwear - Highpoint (relocation) VIC
Bad Workwear - Merrylands NSW
13 De Mazo - Emporium VIC
Chatime - Southgate VIC
Little Bad Wolf - Croydon VIC
KFC -Spencer St VIC
KFC - Balwyn VIC
Funtopia -Pakenham VIC
Priceline - Werribee VIC
Play It - Southgate VIC
Wootea - Hurstville NSW
Find out more about our services
Our commitment to our retail partners is to continue achieving exceptional outcomes for their businesses. Retailers looking for tailored leasing assistance, feel free to reach out to one of our expert & passionate team member who can provide specialised retail leasing services across a broad range of retail categories.
We thank you for your ongoing support and we look forward to
connecting with you again in our mid- year Market Update.
The Leasewise Team
Copyright (C) 2024 Leasewise Group Pty Ltd. All rights reserved.
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