The retail market dynamics in Q3 continued to be tenant favorable to those who are leveraging their advantageous position to negotiate favorable terms and secure compelling incentive deals from property owners.

Malls which are seeing stronger performance are those who make substantial initial capital investments to implement strategies focused on building the reputation of the mall and establishing strong brand recognition.

The majority of new retail supply comprises small neighbourhood malls, and strip retail developments, which are currently outperforming the wider market.