Rising interest rates, supply chain issues, fall in foot traffic – landlords have a lot to keep an eye on at the moment. In addition to these external considerations, it is important for landlords to be aware of the trends that are expected to shape the retail leasing market in 2023.

One trend that is likely to continue is the shift towards online and e-commerce sales. While this trend may present challenges for traditional bricks-and-mortar retailers, it also presents an opportunity for landlords to attract e-commerce businesses looking for fulfilment centres or small retail spaces to establish a physical presence.

Another trend that is expected to gain momentum in 2023 is the growth of pop-up shops and short-term leasing arrangements. Landlords may consider offering these types of leasing options to attract a wider range of retailers, including start-ups and small businesses that may not be ready for a long-term commitment.

Sustainability and eco-friendliness are also expected to be increasingly important in retail leasing in Queensland in 2023. Landlords can attract tenants by demonstrating a commitment to energy efficiency, recycling and waste management programs, and other environmentally-conscious initiatives.

Finally, the trend towards experiential retail is expected to continue in 2023, with retailers seeking unique, immersive shopping experiences for customers. Landlords can support this trend by providing flexible leasing options and support for in-store events and interactive displays.

By staying informed about these trends and finding ways to adapt to the changing retail landscape, landlords in Queensland can attract and retain high-quality tenants in the coming year.