Why use Urban Studies?
Urban Studies was founded in 1990
We understand property in cities, towns and rural areas
By the end of 2017 retail sales in South Africa reached the R1 trillion mark for a calendar year. Online shopping increased to 1.8% of total retail spend up, from 1.2% in 2016. This increase in total spend online represents an increase of 22% year-on-year since 2016, or an extra R8 billion.
During 2017 the retail sales figures in South Africa for the first time exceeded R1 trillion. Based on current values, retail sales increased from R939 billion in 2016 to just over R1 trillion in 2017.
It is an interesting time for retail property in South Africa at the moment, with a number of challenges facing shopping centre owners and developers,and yet with certain opportunities still present in the market. Dr Dirk Prinsloo, MD of specialist research firm Urban Studies, highlights a few of these for Shopping SA.