March 12, 2020
The shopping centre rent increase conspiracy
The shopping centre rent increase conspiracy.
Rents automatically going up every year, with tenant sales far from keeping up.
It truly is the shopping centre rent increase conspiracy.
As you'll see by the ranting intro in this video, this topic of automatic rental increases that are far exceeding what most shopping centres are delivering, really gets on my nerves!
We spoke with Peter Buckingham of Spectrum Analysis, who wrote a report called 'Shopping Centres - Still An Inconvenient Truth (revisited 2019)'.
The report basically makes it clear that the standard shopping centre annual rent increases have been far-exceeding the performance of the shopping centres.
So, why are tenants expected to deliver if the shopping centres aren't?
You can get a copy of the report HERE