Wednesday, 03 April 2019 13:32

An ever-evolving retail property market

Competition in South Africa’s retail market is intense, with more than 25 million square metres of formal retail space currently, in excess of 2,000 existing shopping centres and close to three million square metres of formal retail space in the pipeline.

Tuesday, 04 April 2017 13:40

Best and worst centre performers

Shopping centres within the South African Broll portfolio generally experienced an increase in year-on-year (y/y) trading density growth in December 2016 with the exception of community centres, according to the Broll Retail Snapshot Q4: 2016 report.

Friday, 29 April 2016 03:06

Cash is king for shoppers

Savvy African consumers demand clean, interactive and well operated shopping centres, as well as extended trading hours to indulge in retail therapy, according to the Broll Shopper Segmentation Report 2016.

Friday, 22 April 2016 07:37

Consumers want more shopping hours

Consumers know what they want from shopping centres - they demand the presence of certain retailers as well as extended trading hours, according to the Broll Shopper Segmentation Report 2016 Volume 1.

In South Africa, 50% of shoppers see stopping for something to eat and drink as an important part of the experience when visiting a centre.

Rapid urbanisation, population growth and an undersupply of formal retail space continue to drive growth in the retail sector across Sub-Saharan Africa.

According to a recent CBRE Global Investor Intentions Survey 2015, 53% of global investors plan to increase their investment purchases this year.

Most consumers still expect the physical mall to be their shopping channel of choice in two years despite an expected increase in e-commerce.

Wednesday, 20 August 2014 16:39

Snapshot of consumer shopping habits

Apart from clean and safe shopping centres, South African consumers want an overall experience of visiting the shopping destination.

Both global retailers and retail property investors are taking advantage of South Africa's appeal as a competitive retail destination, according to research released by global real estate advisory CBRE recently.

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