Given the direct link between macroeconomic conditions and the performance of the retail sector, positive prospects of the sector over the short to medium term are largely dependent on steady and uninterrupted improvements in key macroeconomic indicators. It is expected that developers which have regained some level of confidence and are looking to allocate capital to the sector will continue to be wary in their approach towards new projects.In light of deliveries across the core and secondary markets, sustained pressure on landlords to remain competitive is likely as the tenants’ market which has materialised continues to strengthen.
