中央商务区零售商店调查报告

Australian CBDRetail VacancyH1 2025 CBRC RESECARCIIAUGUST2025 LOCAL RESPONSEAUSTRALIA Executive Summary CAD relail vara1ky in Aushalis, as survytd try CARF Resreh is: 11.IS Ce.niglul>as cf H1 2025. 1 1rs represents a 40 bp de*ass fror1 ths previous figure of 17.5%:rccorckc ir H2 2024. Vacancy has tishitcricd nutioriallv tc thc lowsst levol sinc:chs ro..nt bsgan In 111 2021. The rsturn to offie, couplecl wth incressed ourlsmand internatic-al studen: i-flows. has led tc incr=ased foot t'affic in C3C'ssuarline oin dppatil for oorspgct. Of t's five capital citias su veyed, Syc ney recorded the owest vacancy (5.o%)which ads in purl du c cunsluclion al thc vlulCenlre feiricving 3 nuinbor ol>revous vgcancles from the c..nt. If similsr s:djustmeat haJ hen apolled In tnprerious pericc., H2 2/ vacanc vo.ld have been 0.1%. comp3red to the curren:5.gsx which silil sows a significant merrament. Pert*s cEn rotail vacamryexperienced a slig ht ir1provement, clecr=as ng by 42 bp duri'g H1 2u:25 to 21./%Th's is thic lcvrust Pcrth CBC: rctil vacaricy atc that hes bxccri rccorcl:xd sirice F12tyz1, when the C3D retall vacallcy serles bsga n. Brlsha ne saw a alight reduct on cf22 bp tc 19.3% while Melboume and Ad=laide both sa smal incre3ses in vacancyF.a% nc 8.3% nsctivcly. CBRE su'veyed 5,61i CBD retail ouclets for this vacancy repcit. Due to ts larg号CBD rsteil c s, Mclbounc has the highiost nurbcl sf sur acyxd CED ictail outletscf sany clty at 1.575. whlch Is fol owed by 5sydiney <1.329). Brlshane (1,363), Patl1(081) and Adelaide (3G5) T o t a l N o . S u r v e y e d C B D R e t a i l O u t l e t s=5 , 6 1 4 s t o r e sTotal No. Surveyed CBD Retail Outlets = 5,6l4 stores 1.676 Australian Ketail Outlock Despite cersis=nt cost-cf-living prassuras the Australian retail sector has demonstrated remar<ab eresilierice, Thc BA's inlercst "alc cut in May ondl casing inflalior prowided a mearingrul lit incalisumer sent ment, ps rticularl; In towgrds majcr purchgses. F owever, this opti mlsm s tempersc byslower coiriestic rcwth end cnsioirig uricertainity iri global trads, which coritinue to we'gh cn overellexpectathons. Retall salss rave Iemalned buoyant, wth discretlonary spending expeate:d re remal-ccnsist='t in t'e sescnd half of 2c25 as further interest rate uts are anticipated. In Ma, Iulail lu'luvel cxpulicnicuul an ne 2gse sf 0 2% in-l ard 3 3% y-u-y Csuusurially adjusk.Reta I turnover rose chls mclith, driven by 1ion-food spending. Clcthing. footwear s nd pesonalaccessory retailing ircreasec by 2.9%. and cdepert'nent stores rcse by 2.G%. both recovering tromsignifi:ant decli es in april due te rlelayed winter purchases: after a warner than usuxl aut..mn. Consu mer s=ntimr ent. while stil b= ov the neutral benchnerk of 1c-, has im prcved sign fiantly over thepast 12 rnonl s. Th: Consunsr Scn inentl Idtx ruse lit:kec 1.0% higher lo 83.1 in J,ly ficn 92.1 inJa~_9ry. 1 he kserve ank cf Australia's decision to old interes: rates in its lazst meeting tem peredwhat cculd have bsen a strong gain i- consurner sentiment. Ciesoite this, nicst cons- mers etillanticipate that interest rates will trend leaer in che near future. Fnso. raginely expectations aro..nrlIhu t2 ou<lel cconuni: ulcck arid job> μresuucls. ccontinuedl moment..m fer workers returnlng te the cffice has elso playecd s key rcle in supperting t: 3Lretail per'ormance. Avsrage cttice occupancy across Australian cBDs reached 76.6s ot prs covIDIels in G1207=. up rom 74.73, in g4 2074, and siganificant y higher than the 57.33 avoragc rmcordedacrcss the top ten U.s. cities. Cri thic supr:lv sidc, linitexd nkv: retuil devclcairicrit in C BDxs has helpcd sustuin tenunt dcrnuind.H storiaal y, cBDs have accounted for just 4.2x of tetal raca I s.pply over the past clecada. However.total supsly is projected tc rise to 32360 sqm in 2025. driven by key developm=nts such as Melb-ournewig k andl Railwsy Snusrs in Syslnoy. Sydney LOCAL RESPONSEAUSTRALIA Sydney - CBI Retail Breakdow1 Sydney CED relail vacancy t'ghlenicd by 21Q in HI 25. inaki'g lhe fou h tconscculivc half vcarly sdluclinu sinecH1 z3. vacancy has fllen irom a pea< of 10.8m to 5.o's. Ihls Improvemrent w9s Influenced by the removal of aricte ble group ot stores ar MetCenire, a portion ot w"ie" wee vacant, t"o the zotal stock couint due to thei.larnel cnnvers'on nto cc lum aac. If a similar adjustmen: hs:l been applled in the s oa lndl, 1 17 74vaca'cy would heve been s.1%. com 3red tc the current .o%. Includ ing these stores in both pericds wouldshs o tdleclino fror 7.1%: lo 1, unuerscoringi tho inrc lance of consislunlt mcasureinonl vhcn Liuckinglvaca cy trends ovar time. Shoprzing ccntre vacanc kc tix: ini1ovciricrit, tightening by 333 bp to 3.6%, driver largcly by changes atnor-rore rsntres: Metceritie recordel the la rgest indivirlual rlrop, frcm 76%, to x, thnug h th's fiure isaffected by the aforerr sntioned stock adjustment. On a consisten: bas s. shopping centre vaca ney would becluscr le 8.c%, u 1c2 b