“This is about working together”: Retail associations, shopping centres propose leasing code of conduct
Code lays out various options for rent relief, does not lease terminations by tenants.
State Government can step in until a national approach is decided upon.
Pitt Street Mall saw a 17.9 per cent average rent increase over last year.
But movement varied considerably across centres, Savills says.
Almost one-quarter of retailers say they plan to reduce their floor space in a bid to keep the cost of rent down.
Pitt Street Mall is the world’s 7th most expensive retail precinct.
It’s not only online competition that’s impacting retailers.
Westfield centre sales climb with rent increases not far behind.
Pharmacy owners should avoid including PBS dispensary sales when reporting turnover figures to landlords, says expert.
Retail lawyer, Peter Window, looks at the tricky issue of when a landlord can lawfully seize a tenant’s goods.