Retailers in the face of limited availability of retail space for lease but increasing competition for consumer spending, face real commercial considerations when deciding whether to renew a lease or offer up a vacant retail shop in Sydney.
The expansion of national retailers and influx of international brands to Australia has buoyed up a period of slow growth in retail spending over the past few years.
However, retail trade figures are now showing marked improvement on the back of employment growth and increased household wealth.
The strong Australian dollar, recovering sharemarket , and recent boom in the Sydney property market are all contributing factors to the growth in retail spending.
The key retail success is always finding the right location. With increased demand, and improvements in retail spending, there will always be demand for well positioned good quality retail shops for lease in Sydney.
Any retailer considering leasing shop space or renewing an existing lease are advised to search for shops for rent in the Sydney area as a comparison, or seek expert advice on retail leasing from specialist companies such as Clearpoint – www.clearpoint.com.au