The decline in population growth is expected to slow the pace of new store openings over the next decade.

The demand for retail space in Australia has averaged about 800,000 square metres a year for the past decade, which is equivalent to five Chadstones shopping centres.

Retail floorspace demand has averaged around 750,000 square metres per annum over the last five years, which is equivalent to five Chadstone shopping centres.

The strength of the retail sector has been largely due to the country’s population growth. The strength of Australia’s retail sector has been largely driven by population growth.

Australia’s population is expected to fall to about 25.88 million by 2022, less than a million less than the budget forecast.

The government’s fifth Intergenerational Report forecasts that Australia’s population will reach 38.8 million by 2060-61, which is 3 million less than the previous estimate.

Retail rents were expected to grow at a slower pace in 2015 due to the shift toward online shopping, which is expected to continue to outpaced the growth of bricks and mortar sales.

Because of low inflation and lower population growth, it is expected rental growth to moderate over the next couple of years.

Retail sales are expected to slow down in the next decade. The industry’s sales growth has averaged around 4 to 5 per cent annually for the past two decades.

Food retailers are reviewing their plans for new stores and expanded grocery operations following the drop in immigration due to the pandemic.

Stores like Cotton On are focusing on their online stores to ensure they take advantage of online. To save at Cotton On  online use a Cotton On coupon with your purchase.