(3 Minutes Read)
Commercial rental space taken up by retailers engaged in the sale of fast-moving consumer goods increased by 1,900 square metres in certain shopping malls during the first half of this year. Some 1,606 square metres of commercial space are expected to be occupied by retail businesses seeking to expand their operations before the end of the year.
Uganda’s retail sector, especially shopping malls, has posted remarkable growth in the first six months of 2024, despite the harsh economic conditions affecting many households.
Data compiled by Knight Frank Uganda shows overall sales posted by retail businesses in selected shopping malls located within the Kampala City Metropolitan area grew by 30% in the first six months of this year, while average customer traffic increased by 5% during the same period.
This means that most of the retail spaces were taken. Data on occupancy levels registered by retailers in upmarket shopping centres indicated a 3% rise between January and June 2024.
Read Also:
https://trendsnafrica.com/eac-comesa-sadc-set-to-merge-into-seamless-market/
Commercial rental space taken up by retailers engaged in the sale of fast-moving consumer goods increased by 1,900 square metres in certain shopping malls during the first half of this year. Some 1,606 square metres of commercial space are expected to be occupied by retail businesses seeking to expand their operations before the end of the year.
