The IPD South Africa Retail databank provides analysis of shopping centre performance on a quarterly basis. The system enables benchmarking at centre level by detailed merchandise category against market norms for all key performance measures. IPD and the South African Council of Shopping Centres (SACSC) have together developed this initiative to supply the industry with reliable retail property analysis, benchmarks and market indicators.
Typical output measures at centre and category level include:
- Trading Density
- Gross rental per sqm
- Base Rental per sqm
- Cost Recoveries per sqm
- Average GLA per store
- Cost of Occupation
- Average Turnover per store
- Vacancy rate
- Foot count per sqm
- Money spent per capita
- Common lettable area % (of GLA)
- Average parking income per bay (total)
- Average parking income per bay (covered)
- Average parking income per bay (open)
- Usage % (GLA)
- Sales % (Turnover)
- Gross Rental %
- Base Rental %
- Cost Recoveries %