Supply of quality leisure stock will remain tight, but pent up demand will ensure strong pricing for the rare prime assets sold
■ Consumer spending on leisure services grew by 7.8% in 2016. Despite economic headwinds this is forecast to continue to grow at 4% per annum over the next five years.
■ Occupational demand is continuing across all leisure sectors, though the rate of expansion is slowing in some segments. We expect to see further growth amongst smaller casual dining brands, boutique cinemas, boutique health & fitness, and new D2 offers such as competitive socialising and e-sports.
■ Investor demand for leisure assets is broadening. However, the availability of prime assets is limited, and this is not expected to change in 2017.
■ Prime leisure yields now sit between retail warehousing and shopping centres, and are expected to remain stable at 5% for the remainder of this year.
1 article(s) in this publication
.png)