Demand's strong for bricks and mortar retail, despite the growth of online shopping.
JLL NZ's new report estimates almost 255-thousand square metres of new retail space is needed over the next five years to keep up with our growing population.
It also finds customers prefer in-store shopping over e-commerce.
Research and Strategic Consultancy head Chris Dibble told Mike Hosking a significant amount of the development is likely to happen in Auckland, as the city has about 13% of the country’s retail supply.
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The Mike Hosking Breakfast