We are excited to release a Pilot Study exploring the performance of suburban retail strips across South East Queensland.
Often much maligned by popular media, this study provides rigorous, independent data exploring 15 strip centres from Bribie Island in the north to Chirn Park on the Gold Coast in the south. Vacancy rates, the retail and commercial mix, walk scores and transport networks were examined – how these centres function and perform. Importantly, vacancy rates were measured in February 2020 before the onset of restrictions and shutdowns.
Retail strips and precincts have traditionally been the hub of their local communities, offering meeting places, top-up shopping and essential services.
Whilst many suburban strips have been impacted by the emergence of large format, suburban shopping centres, there has been a resurgence of interest in the traditional strip as café culture and retailtainment precincts; once again the social heart of their communities.
However, there have been a number of recent media reports damning the strips. It is timely to measure not only how these precincts continue to evolve, but their performance and vitality to present the real picture and to bring SEQld up to speed with ongoing retail analyses regularly undertaken by our southern cousins.
We look forward to revisiting this research in 2021 to quantitatively measure the effects on our suburban centres over time. Currently seeking sponsors for the 2021 study, if you are interested please contact email@example.com.