173 views

Chart of the day: Strata retail gears up for a comeback

Reopening of the retail sector spurred interest in strata retail spaces.

This chart from Knight Frank shows the transaction volume of strata retail spaces from the number of freehold and leasehold units showing signs of a major recovery after a fall during 2020 and 2021.

“Four years on from 2017, the nascent signs of a rebound finally appear to be underway for the strata retail market. The reopening of the retail sector with the limits of gathering size and operating hours removed spurred renewed interest in strata retail space that was largely overlooked during the onset of the pandemic,” Knight Frank observed.

ALSO READ: Chart of the day: Transaction volume of strata offices falls by 15.7% for H1 2022

Since 2021, transactions for strata retail units increased. This momentum is expected to continue in 2022. In H1 2022, a total of 126 units were sold, grossing some $290.9m in total sales value.  Knight Frank observed that despite being less than the 137 units sold in H1 2021
this was still 8.8% higher than the $267.4m in total transaction value for that half-year period.

“Sales activity for strata retail space is expected to pick up in the months ahead as the retail sector is no longer held back by Safe Management Measures,” Knight Frank said.
 

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.