Retail Sector Market Update
July 31, 2020
The retail market has experienced challenging and uncertain conditions with the impact of COVID-19. Albeit shifting market sentiment, greater clarity on the extent of the COVID-19 impacts on the economy will likely only be seen in the coming months. Key remarks include: Low interest rates & government wage subsidy; Increased rental holidays and incentives from landlords; Sharpening yields across CBD, Frame & Suburban markets; and volatility & uncertainty in consumer confidence levels.