But the growth is still tracking lower than in the 2022 period.
Greater appetite for space at the country’s shopping malls by clothing and grocery retailers has helped boost trading densities, with super-regional centres gobbling up most of that growth.
The growth in trading density in the first half comes despite the tough economic environment constraining consumer discretionary spending. “As people have returned to a more interactive world, recent years have seen a swing from a Covid survival tenant mix to a post-Covid curated lifestyle mix. Clur’s shopping centre data is derived from the Clur Report, which tracks performance at more than four million square metres of prime retail space for listed and unlisted property funds across South Africa and Namibia.According to the data, the apparel, grocery, speciality, homeware, furniture and interior, and food services categories account for 75% of new lease uptake across the index.
The food service sector also came in strong, accounting for 7.6% of new space, with fast casual dining formats also registering considerable growth.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US household incomes fall for third straight year: Census BureauUS inflation-adjusted incomes fell for a third straight year in 2022, but overall income inequality decreased, according to new Census Bureau data. Real, or inflation-adjusted, median household incomes in the United States fell by 2.3 percent in 2022 from a year earlier, with nominal gains canceled out by record-high inflation.
Read more »
Nigeria's Rema makes history and reaches one billion streams on SpotifyNigerian afrobeats star Rema finally reached his billion streams goal on Spotify with his hit song, Calm Down, which came out in 2022.
Read more »
EU's disaster response fund at limit as climate crises mountThe European Commission warned that the EU urgently needs more funding to respond to climate change-fuelled crises after its emergency aid reserve was exhausted in both 2021 and 2022.
Read more »
Electricity minister says Kusile Power Station is key to easing load sheddingKusile's unit 4 is out on 20-day planned maintenance while unit 1, 2 and 3 have been taken out by the collapse of the flue-gas desulphurisation (FGD) unit in October 2022.
Read more »
Global offline population continues steady declineThe number of people worldwide not connected to the Internet decreased to an estimated 2,6-billion people in 2023, according to the latest data from ITU. The reduction from the estimated 2,7-billion people offline in 2022 leaves 33% of the global population unconnected in 2023. This means that 67% of the world’s population, or 5.4 billion […]
Read more »