For retailers, it’s time to get ‘phygital’
Successful retailers will need to be ‘omni-channel’, embracing both online and bricks and mortar, as gap grows between primary and secondary markets
Estate agents expect different performances from sectors of Ireland’s retail property market in 2019. JLL and CBRE agree that rents for prime retail property are showing modest increases but are not as optimistic for secondary or tertiary retail.
Marie Hunt of CBRE expects 3 to 4 per cent rental growth for prime shopping centre and prime high street assets. However she said that most retail landlords will find it difficult to increase rents.
