The Market for Retail Tenancy Leases in Australia, released by the Federal Government’s Productivity Commission earlier this week is the result of the Inquiry earlier this year. Newsagents were represented at this by NANA, the ANF (under old leadership), Several individual newsagents and myself as a representative of newsXpress.
Given the terms of reference of the inquiry, the recommendations are useful. I hope that they lead to action by Federal and State Governments.
The absolute key for newsagents in any lease negotiation is to have a business the landlord is very keen to keep or to bring to their centre.
Mark
I would have great difficulty in believing that any quasi-government body, would have the power or motivation to ensure that retailers are given a ‘fair go’ as it relates to occupying floor space in major shopping centres. The age old practice of supply and demand will continue to adversely affect rent rates psm.
Small business people will continue to flock to these centres in the belief that Nirvana is around the corner instead of realising that it is only the shopping centre manager with an abacus and sharp pencil