News & Views
As a highly prominent fashion hub in Australia, Sydney infuses modern-day retail into its historic passageways to offer the best of big-city shopping to both locals and tourists alike. The arrival of international brands is a recent phenomenon, but these brands are quickly enhancing the traditional retail offering provided by major department stores. With a strong preference for the local food scene, more niche restaurants and cafes are opening within the inner-city precincts, where annual growth in high-density residential populations and tourist numbers continues to be significant. Retailers are also strategically positioning themselves within the George Street retail area, where a new light rail line is expected to complete in 2020 and bring more crowds to the CBD. All the while, fast fashion continues to take off with major brands multiplying store locations and increasingly occupying mall space throughout the city.
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GDP per Capita (USD)
Source: JLL, Oxford Economics (May 2018)
Head of Retail Leasing, Australia
Email Jeremy Prestoe