Retail sales growth remains solid in real terms, having averaged 3.3% for the 1st 5 months of 2016, similar to the average growth for 2015 as a whole. This is impressive, given that SA’s economy has hardly been growing at all in recent times.
However, it isn’t obvious that such growth will contain vacancy rates in retail space on a national average basis, because the pace of new development of space has also been quite brisk, and much will depend on the future pace of both retail sales and retail building activity.
Read more here: Household Sector_Retail Sales_vs_New_Retail_Space_July_2016
