There is increasing discussion in the business press about the changing nature of retail spending and the affect this is having on the demand for retail space. This is a matter of keen interest to commercial property investors.
The debate on this issue has become more prevalent in Australia, with the imminent arrival of Amazon. In April Amazon announced it was looking for a location for an Australian distribution facility, and said it was about to establish a branch office in Australian to oversee its operations. It is quite likely that it will use the Australian base to service its New Zealand customers.