What a year for CBD Guns! Increases in all tables in the double digit regions; rises in the 20 to 30% and one even in the 50% region; simply phenomenal.
This year, we’ve changed our reporting criteria for CBD Guns and included centres that were previously only recorded in the Big Guns tables; for example, Scentre Group’s Westfield Sydney and GPT’s Melbourne Central. They are Big Guns, of course, with a GLA in excess of 50,000m2, so they’ve always been featured in the Big Guns tables. But they are also a CBD centre and we think it should be featured here as well; similarly, Vicinity’s Uptown (previously Myer Centre Brisbane), which is currently in pre-development mode.
Such a turnaround after COVID and what a slap in the face to those commentators who opined that CBD retail was in a long-term decline. It’s a pity the way some things are reported these days; ‘sensationalism’ is the fundamental requirement for some journalists and some media entities, as distinct from truth, expert opinion and responsible reporting. It’s a case of ‘forget about accuracy, just make it sensational’. It happens not just in business reporting but right across the whole gamut of journalistic practice. Of course, there are exceptions; but it’s a pity they’re becoming a minority group.
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