Clur report reflects strengthening shopping centre trade

Belinda Clur, MD, Clur Research International

The favourable upward trend seen since September in annualised trading densities has continued and has now broken through zero on a nominal basis, says Belinda Clur, MD of Clur Research International.

Year-on-year growth

She says the key consolidated Clur benchmark for subscribing South African shopping centres showed annualised trading density for March of R33,280 per m², representing year-on-year growth of 1.8%. The respective February figures were R33,035 per m² and 0.4%. This represents a consistent improvement on the -1.7% level reported in September 2017.

The March Clur benchmark for annualised trading density at super regional and regional centres showed year-on-year growth of 1.2% to R35,332 per m². That compared with the February benchmarks of R35,057 per m² and -0.5%.

At small regional, community and neighbourhood centres, the Clur benchmark for annualised trading density in March was R28,737 per m². That meant year-on-year growth of 3%, better than the 2.3% and R28,558 per m² reported for February.

Overall, turnover across the monitored properties grew 7.1% in March 2018 against March 2017, and was up 3.3% over the 12-month rolling period to March 2018.