The Perth retail strip market has enjoyed improvement in overall occupancy of the five strips we survey. It has been an interesting time for the WA economy, trending well during the pandemic with strong GSP results propping up the national economy, stringent border controls resulting in limited disruption to trade compared to the East Coast. Improvements in employment and low interest rates all fuelling strong increases in the residential market after a prolonged period of treading water for some Perth markets. Growth in residential sales volumes, increased confidence all driving retail trade particularly in the food and homeware sectors given the growth in the housing market.
