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Sector 04 · Retail
Retail, after the reset.
Prime high street, luxury, shopping centres, grocery-anchored and out-of-town retail parks.
Prime high-street yield
8.5%
-15 bps YoY
Grocery-anchored yield
8.0%
flat
Prime Zone A rent
$180 psf
+7% YoY
Footfall (prime pitches)
+9% YoY
recovering
Overview
The strong prime assets have re-based; the rest is repurposing.
Prime retail rents and footfall are recovering fast in the pitches that survived the omnichannel reset. Grocery-anchored income is the most resilient in the entire investable universe. Secondary and mid-tier centres continue to reprice or convert. We advise across the full spectrum.
Themes we're tracking
The forces reshaping the sector.
01
Prime resilience
Best-in-class high-street pitches trading up 20–30% off cyclical lows.
02
Grocery income
Long, inflation-linked, essential-use leases repricing to bond-plus.
03
F&B and experiential
Restaurant and leisure mix increasingly the anchor, not the ancillary.
04
Turnover leases
Rebased headline rents plus tenant turnover top-up — now the market default.
05
Repurposing
Department stores and dead malls converting to residential, medical and last-mile.
06
Luxury flagships
Global brands acquiring freeholds on flagship pitches at trophy prices.
How we help
Mandates we deliver.
01
Occupier acquisition
Flagship, prime and portfolio roll-out for global and regional brands.
02
Landlord leasing
Anchor placement, mix curation, incentive strategy and campaign delivery.
03
Investment sales
Prime high-street, grocery-anchored and shopping-centre disposals.
04
Repositioning
Master-planning and delivery of retail-to-mixed-use conversions.
05
Valuation and rent review
Regulated valuation and full lease-event advisory for portfolio holders.
Ready to view
See the assets, on site.
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