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The large format leasing struggle

Australia’s large format retailers are under increasing pressure in the face of a limited supply pipeline of new available space and the entrance of more foreign brands. The densification in inner city living, especially in Sydney and Melbourne, is making it harder and more expensive for large format retailers to find available retail space in areas experiencing rapid population growth. According to CBRE’s latest retail Marketview report, 60,000sqm of large format retail supply was completed