The Herald Sun has featured the expert insight of Sue Say, joint national director of property economics and research at Urbis.
Shopping centres have evolved in to community ‘destinations’ – places where you can work, get a massage, dine and buy all manner of products. These developments have been particularly pronounced over the last ten years, with the “experience economy” changing the make-up of modern complexes.
“People are drawn to places that provide quality, attractive and interesting environments where they can shop, dine, be entertained, use services and socialise,” says Sue.
“There is a growing trend toward mixed use centres where retail, entertainment, residential, civic, health and/or commercial facilities are combined on one site. These provide a high level of convenience for people who live, work or shop there and create places that are active on weekdays, weekends and in evenings.”