Shopping centre trade strengthening, indusry barometer shows

Posted On Thursday, 07 June 2018 11:58 Published by
Rate this item
(0 votes)

Sales per square metre in shopping centres - from large super regional malls to neighbourhood 'locals' - continued to grow in March, according to the Clur Report of SA Retail Property, an industry barometer tracking performance at more than two million square metres of retail space in South Africa and Namibia.

Belinda Clur

The favourable upward trend seen since September in annualized trading densities has continued and has now broken through zero on a nominal basis, says Belinda Clur, whose company reports benchmarks and other key trading indicators to listed and unlisted property funds.

She says the key consolidated Clur benchmark for subscribing South African shopping centres showed annualized trading density for March of R33 280 per sq m, representing year on year growth of 1.8%. The respective February figures were R33 035 per sq m and 0.4%. This represents a consistent improvement on the -1.7% level reported in September 2017.

The March Clur benchmark for annualized trading density at super regional and regional centres showed year on year growth of 1.2% to R35 332 per sq m. That compared with the February benchmarks of R35 057 per sq m and -0.5%.

At small regional, community and neighbourhood centres, the Clur benchmark for annualized trading density in March was R28 737 per sq m. That meant year on year growth of 3%, better than the 2.3% and R28 558 per sq m reported for February.

Overall turnover across the monitored properties grew 7.1% in March 2018 against March 2017, and were up 3.3% over the 12 month rolling period to March 2018.

Most Popular

Deeds Office reopening good news for sellers and buyers of property, as well as the property industry

May 01, 2020
Andrew Golding Golding Property Group
Deeds Office reopening good news for sellers and buyers of property, as well as the…

Wide-spread implications for South Africa’s real estate market following COVID-19

May 05, 2020
JLL_Logo
JLL, one of the world’s leading real estate investment and advisory firms, today released…

Deeds office reopen their doors to the public

May 09, 2020
Carlize Knoesen
The Department Agriculture, Land Reform and Rural Development has announced the reopening…

Relooking green buildings in the future of the covid-19 pandemic

May 01, 2020
Brett Chrystal
The Covid-19 lockdown has offered us an unexpected opportunity to reflect on our…

SA REIT appoints Joanne Solomon as its first CEO

May 05, 2020
Joanne Solomon new CEO SA REIT Association
With her wealth of financial and property sector experience, Joanne Solomon has been…

Please publish modules in offcanvas position.