The traditional shopping centre model is turning on its head, according to indicators
emerging from research covering two million square metres of retail space across South Africa. Creative, niche, differentiated store types now seem preferred to replicated options and smaller, focused formats seem favoured over large, cumbersome alternatives, the research at assets of top property funds shows.
This crucial trend has implications for flexibility, sizing, mix, design, rentals and retail classifications. All of these need careful consideration in order to drive market share and profitability. Shopping centres play a significant and catalytic role in driving economic growth, says Marius Muller, Chief Executive Officer of Pareto.