Retail | Market demand and development sizing
Hammanskraal Shopping Centre
Can the local market support a new shopping centre, and at what scale?
- The question
- A developer considering a new neighbourhood shopping centre in an emerging-market node needed clarity on whether local demand could support the scheme, and at what size.
- What we investigated
- We defined the trade area on the ground, audited existing and planned retail supply, profiled the local consumer market and quantified available retail expenditure to size the demand–supply gap.
- The insight
- A defensible GLA range grounded in market evidence, giving the developer a basis to right-size the centre and open credible discussions with prospective anchor tenants.