It is a creative artwork , a gracious and supportive mindful hub for the community to engage , be entertained , learn and thrive . It has a rejuvenating , renaissance quality , a clear , honest voice , and focus on signal over noise . It is an ongoing anthem of change for the moment .
“ In response to the downturn dynamics , a shift in leasing activity has emerged , favouring a blend of value , trendy and luxury themes , reflecting the way people are now shopping and presenting themselves as a personal brand .”
Sensitivity to the surrounding environment is a key element of the enlightened shopping centre .
Further , as people reintegrate , a trend of fewer , but longer mall visits is evident , with outings being maximised , resulting often in a higher spend per head . Globally , a trend of shorterterm leases and a higher emphasis on turnover-based agreements is also evident . There is also a trend towards more speciality , a position usually held by line tenants and now being adopted by national retailers . Agility in response to these trends and tailored tenant mixes are helping drive the improvements in trading densities and rewarding astute asset managers .
Among best performers in trading density relative to 2019 are the technology ( 32 % growth ), mini discount
SA Real Estate Investor Magazine AUGUST 2022 109