Cafemageddon cometh

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Via the AFR:

…Snigdha Sharma, a consultant who has helped master planning of food and beverage spaces for the likes of Frasers, Dexus and AMP Capital, estimated that F&B now accounted for 20 per cent of space in shopping malls up from about 7 per cent to 8 per cent five years ago.

…While Ms Sharma said it was hard to say if there was a bubble yet, based on rent abasement assessments she had done for shopping centre owners, F&B operators were starting to feel the pinch.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.