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Q2 2017 Retail Market Report South Africa

With the shutdown of large retailers such as Stuttafords and standalone stores like River Island, Mango and Nine West as well as a few Edcon shops, super-regional centres are witnessing their highest vacancy rates currently sitting at 3.9% from a long-term average of 1.6%. In addition to increasing vacancy rates, the two biggest merchandise categories in super regional centres (apparel and department stores) have seen declining trading densities since Q4 2015. Smaller centres on the other hand are surprisingly seeing more interest with declining vacancies during the quarter.

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