Ensure you never miss an issue of the
real estate business bulletin
Local economy strong lure for int'l retailers

Local economy strong lure for int'l retailers

by Reporter 0 comments

Staff Reporter

The relative strength of the Australian economy is proving to be a powerful lure for a range of international retailers, according to Colliers International.

The Colliers International International Retailers: Australia is Hot Property white paper found that 28 international retailers were actively looking for sites to set up shop in Australia or were already in the process of rolling out stores locally.

“Domestic growth prospects have stalled for many retailers in North America and Europe and in comparison to these countries, Australia’s fundamentals are strong,” Colliers head of retail, Michael Bate, said.

Colliers International research director Nora Farren anticipated that there would be an additional demand of around 220,000 square metres over the next five years, as the 28 international retailers identified as currently looking at Australia would require around 235 stores.

“Of the retailers identified, 62 stores have already been opened, the bulk being made up of Apple stores and Lululemon Athletica,” she said.

“These are both US retailers that are already established players in the local market.”

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Local economy strong lure for int'l retailers
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?