We are pleased to share with you the Retail Investment Review, which provides a comprehensive look at transaction activity, industry trends and key buyer groups that were active in 2023.
- Retail emerged as the most traded asset class during 2023 totaling $6.28 billion in retail sales volumes; a 4.3% decrease from 2022 levels.
- Astute investors, eyeing long-term investment horizons, quickly identified the retail sector for opportunities, foreseeing potential in mixed-use and value-add propositions amid limited new supply and growing population bases.
- In 2023, Fund/Syndicate and Private investors dominated the market, collectively representing 77% of all completed deals. These investors capitalised on counter-cyclical market conditions and seized buying opportunities.
- Investor interest in the retail sector stemmed from secure, quality leases with robust tenants, offering long-term income security and rental growth potential.