A retail property broker says the pandemic is driving a resurgence in smaller suburban retail hubs.
File photo. Photo: NEC
Bayleys national director retail sales and leasing Chris Beasleigh said the market appeal of local shopping centres had grown with the increase in the number of people working or locked down at home.
"With a forced work-from-home directive during the height of lockdowns and the subsequent normalisation of a hybrid way of working, local shops and service retailers are very much in favour as people establish closer ties with their communities," he said.
Part of the appeal of suburban shopping centres was convenience and parking, which was often free.
"Along with the traditional corner store, service-orientated and boutique retail operators with a true customer focus and points of difference are thriving in local neighbourhoods," he said.
"We've seen a surge in hairdressers, nail salons, florists, butchers and artisan food stores, and a resurgence in specialty bookstores - feel-good businesses that people want to support."