Claremont Quarter Photo Gallery

The primary catchment for Claremont Quarter encompasses affluent Western Suburbs of Perth, with a population of about 150,000 within 10 kilometers, including suburbs like Nedlands, Cottesloe, and Mosman Park. Median household income exceeds $150,000 annually, 20 percent above the Perth average, attracting upscale consumers aged 25-54, including families and professionals. This demographic supports premium retail categories, with strong spending on fashion and dining. Secondary catchment extends to 400,000 residents up to 20 kilometers, including the CBD, providing diverse traffic. However, aging population trends in the area may limit youth-oriented segments, and reliance on car-based access could be affected by traffic congestion on Stirling Highway.

Occupancy at Claremont Quarter remains robust at 98-99 percent, reflecting high demand in Perths tight retail market as of 2025 reports. Tenant productivity averages $8,000 per square meter in sales, above national sub-regional benchmarks, with occupancy costs at 12-15 percent of turnover, well below the 20 percent threshold for sustainability. Base rents range from $600 to $800 per square meter per annum for prime locations, with incentives like rent-free periods for new leases. Specialty rents benefit from percentage clauses, averaging 8-10 percent of sales. Drawbacks include rising utility costs and maintenance fees due to the propertys modern but energy-intensive design, potentially increasing operational expenses for tenants by 5-7 percent annually.

Claremont Quarter faces competition from nearby regional centres such as Karrinyup Shopping Centre (45,000 sqm, 10 km north) and Garden City (100,000 sqm, 15 km south), which offer broader tenant mixes and higher footfall of 12-15 million visitors. Local high-street retail along Bay View Terrace provides boutique alternatives, capturing 20 percent of fashion spending. Market saturation in luxury apparel is evident, with e-commerce growth eroding 15 percent of physical sales in similar categories. Accessibility risks include peak-hour traffic delays, though mitigated by train proximity. Economic factors like Perths softening retail sales growth to 3 percent in 2025 could pressure discretionary categories, advising tenants to diversify into experiential retail to maintain viability.