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SEPTEMBER 2023 NEWSLETTER

The first half of 2023 has provided an interesting insight as to how both retailers, landlords and consumers all respond to inflation and increasing interest rates.

Inflation skyrocketed earlier in the year at 7% in Q1 and 6% in Q2. This placed significant pressure on retailers and their businesses, particularly those inter-state with CPI + 2.5% reviews. This has seen an uptick in leases being ‘reshaped’ to ensure occupancies remain sustainable. Property disputes with Landlord’s is also on the increase as they push to maintain their current valuations and rents.

Leasewise Projects

JAN 2023 TO JUN 2023

Conversely, retailers with a strong foundation, who understand their customer and who continue to evolve internally, have seen the retail landscape as opportunistic and have continued with new store roll outs. They have been able to obtain a greater market share as their competitors look to consolidate their own business.

In combination with a strong staple group of clients and of our knowledge of market conditions and trends, LeaseWise was able to deliver 52 new stores across Australia. Averaging out to be over 1 new store delivery per week this is an exceptional result for a small boutique firm and highlights our dedication to obtaining the best possible sites and outcomes for our clients.

52 New Sites by Category

Looking at the overall market in the coming months and as more mortgages switch over to current interest rates there will no doubt be some tightening on consumer spend. As to the full impact this will have on the retail landscape this is still likely play out. Whilst in the past the Government was able to provide economic relief/ support through decreasing the cash rate, their hands are tied as they also grapple with controlling inflation.

New Sites by Region

LeaseWise is equipped to commence lease rectification discussions for any business that maybe seeing their occupancy costs trending in the wrong direction. We are also equipped to support retailers with all other lease related matters, particularly as conversations become more difficult and disputes arise with the changing economy.

Store Openings in 2023

Bad Work Wear

Workwear Fashion

Opened!! Liverpool NSW

Beirut Bird

Lebanese Food

Opened!! Waverley Gardens VIC

Breadtop

Bakery

Opened!!

Roselands NSW

Blackburn VIC

Point Cook VIC

Penrith NSW

Coming Soon!!

Werribee VIC

Box Hill VIC

Chadstone Development VIC

Blackburn Square VIC

Cobb & Co Carvery

Food

Opened!! Parramatta NSW

Matchbox

Homewares

Opened!!

Torquay VIC / Relocation Knox Vic

Coming Soon!! Moonee Ponds Vic

Elite Supps

Nutritional Supplements

Opened!!

Wetherill Park NSW

Hurstville NSW

Birkenhead Point NSW

Mt Druitt NSW

Helensvale QLD

Toowoomba QLD

Mandurah Forum WA

Carindale QLD

Gunghalin ACT

Joondulp WA

Marion SA Elite

Pacific Fair QLD

Coming Soon!!

Plenty Valley VIC

Murray Bridge SA

Cairns Central QLD

Westfield Knox VIC

Garden City QLD

Northland VIC

La Belle Miette

Confectionery

Refurb!! QVB NSW

Marketplace

Fresh produce and groceries

Opened!! Mernda VIC

SUSHIA

Japanese Food

Opened!! Salamanda Bay NSW

Coming Soon!! Glendale NSW

JSY Tea

Opened!! Doncaster

Velvet Bean

Cafe

Coming Soon!!

Knox VIC

Airport West VIC

Walkers Doughnuts

Tasty Doughnuts

Opened!!

Orion Springs -Pop up QLD

Strathpine -Pop up QLD

Coming Soon!!

Traralgon VIC

Sunnybank Hills QLD

Casey VIC

FURTHER STORES COMING SOON

3 Boys Pizza -Blackburn Square VIC

13 De Mazo - Emporium VIC

Foodao - Parkmore VIC

General Public - Corio VIC / Ballarat VIC

Kitten D’Amour - Doncaster VIC

KFC -Spencer St VIC

Lee Massage & Acupuncture - Warringah Mall NSW

Lee Massage & Acupuncture - Glendale NSW

Pappadelle - Karingal VIC

Pharmacy @ Knox- Relocation Knox

Sandwich Chefs -Rundle Place SA

Twisted Sista- Casey VIC

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 end of year Market Update.

The Leasewise Team

Copyright (C) 2023 Leasewise Group Pty Ltd. All rights reserved.

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