Rental pushback

PROPERTY services firm Herron Todd White says some retail landlords may be tempted to increase rents to align with a strong-performing investment market.

“There has been a particularly strong performance in the retail investment market over the past three years and 2018 is shaping up to hold true to form,” it says in its latest monthy report.

“It is expected that many property owners will be keen to see rental growth beyond CPI achieved.

“However, with a massive supply of retail accommodation across the Gold Coast, retail competition is high and there will be a reluctance (or even inability in some cases) for tenants to absorb rental hikes.”