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Consumer pressures the biggest challenge facing retail property – survey

The issue is compounded by an increase in online retail, affordability of rental space.

FNB released its Property Insights report on Tuesday, focusing particularly on the retail property sector and the relationship between it and the consumer. It looks at the macroeconomic factors that influence both of these parties and given the difficult economic times, it is clear that the retail property sector has taken some strain, with vacancy rates becoming the order of the day in some malls. It seems the bigger malls have suffered the most, with the call for them to become more dynamic and service-oriented in order for their chances of survival to increase. 

Nompu Siziba discusses the findings in the latest report with John Loos, a property strategist at FNB.

Also read: Takeover battle brewing for SA Corporate Real Estate

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