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Neighbourhood and community shopping centres continued a positive
trajectory, performing better than bigger centres. The poor trading density
growth reflects the consumer’s short to medium term
concern for economic growth. Vacancy rates ended the quarter at an average
of 4.0%. Super-regional shopping centres witnessed a further increase from 4.1%
in the previous quarter to 4.7% in Q4. While small regional centres
recorded a 1.0% vacancy rate decline on a yearly basis.
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27 February 2018