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The Future of Retail Demand

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Market fundamentals have shifted over the past 18 months, however, the demand side drivers of the core commercial sectors remain favourable. In this Future Demand Series, we explore the key themes that will underpin future growth in each sector beyond 2021. The second part of the series looks at the retail sector.

Constantly changing consumer shopping preferences have continued to push the envelope of traditional retail. The pandemic has encouraged retailers to improve their technological offerings, in store safety and supply chains to establish the most efficient and enjoyable shopping experiences.

Although e-commerce has been increasingly popular, lockdown recovery periods around Australia have demonstrated stabilising online activity levels and a consumer eagerness to return to stores, cafes, and restaurants to fulfil their retail and social needs.

The Future of Retail Demand

The Future of Retail Demand

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Related Experts

Michael Bate

Head of Retail

Sydney

My professional knowhow stems from an extensive career in retail property development, project leasing, site acquisition and disposals and property management.

I joined Colliers International after holding the position of National Business Manager for Stockland Commercial for 9 years. During this time I was responsible for the acquisition and disposal of just over $750M worth of Retail and Commercial assets.

Prior to my Capital Transactions role in Commercial Property, I was the Regional General Manager Leasing for the Stockland Shopping Centre portfolio.

Prior to Stockland, I was the National Leasing Manager for Lend Lease Retail here in Australia. I worked on some of Australia’s leading Retail projects including, Casuarina Darwin, Melbourne Central, Sunshine Plaza and Smithfield in QLD and Woden in the ACT. I was the Lend Lease Asset Manager for the Kiwi Income Fund and worked on several of their retail projects in New Zealand.

Prior to Lend Lease, I was a National Director with Jones Lang Wootton in both WA and NSW and ran the National Project Leasing team for again some of Australia’s best retail assets and Portfolios.

I also have a lengthy career in the media working for John Fairfax and Sons in TV and Radio for many years.

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