Regional Shopping Centre Report

Australia’s regional shopping centres have evolved into lifestyle destinations blending retail, dining, sport and social experiences. Our Regional Shopping Centres Reimagined 2025 report reveals a stabilised market poised for renewed growth. Key insights include: 

• Tenant mix transforms – mini majors now lead (34% of space), while F&B and general retail & home expand as experience and convenience drive visitation.
• Vacancy remains tight – below 3% nationally and 2.2% in metro locations, supported by essential, experiential and value-driven retailers.
• Re-leasing spreads rebound - up to 2.75% in 2025 as rent resets roll off and demand strengthens. 
• Capital flows evolve - privates lead in 2025, with institutional investors re-emerging. 
• Returns hold firm - total returns remain resilient, anchored by 5.5-6.0% yields and tight supply.