Food halls and restaurants are now taking over as the more prominent tenants in Australia’s shopping centres, by size of leased area and the amount of high-margin revenue generated.
In all new developments and revamps of malls nationally, the footprint of the food and leisure offering is becoming much bigger than that being offered to the traditional apparel and footwear.
In Australia, particularly, the entry of the international fashion brands is also pushing out tenants, although, as they become more prevalent, food and leisure will again dominate at malls.
(Source: The Sydney Morning Herald Online )