Shopping centres thrive despite retail closures

Australian shopping centres are experiencing their lowest vacancy rates since 2018, with retail rents increasing by 6% despite several major Australian brands like Glue, Betts Footwear, and Barbecues Galore exiting the market. The retail landscape is shifting away from traditional product-focused stores towards experiential retailers, including beauty consultations, hospitality venues, and amusement centres. Shopping centres are transforming into social and lifestyle destinations rather than purely transactional spaces.See omnystudio.com/listener for privacy information.