The strength in headline retail sales volumes is at odds with shopping centres’ poor rental performance. This is due to the fact that sales of items that form the core of shopping centres’ offering have underperformed. Excluding such items suggests that we can expect rental declines of around 1%y/y to persist into early 2016.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services