Landlords in some of billiga nike free run 3 the country's prestige buying precincts are raking in the cash. In Sydney's Pitt Road Mall rents have risen much more than thirty per cent more than the previous yr. It tends to make it the fourth most costly retail region in the world. So we've seen individuals move into Sydney that we have by no means seen prior to because of the product that was created. MICHAEL EDWARDS: Store space on the Pitt Road Shopping mall costs an typical of $10,000 for each sq. metre nike air max 90 billigt a year a rise of much more than 33 per cent. It makes billiga nike skor it the fourth most expensive place in the world. Rents in Bourke Road in Melbourne are also up eleven per cent as are those in the Rundle Shopping mall in Adelaide by twenty five per cent. Rents are down in components of Brisbane but Cushman and Wakefield states other people part of the metropolis are booming. But what stress is this putting on retailers? David Woolford states the market can sustain the increases. DAVID WOOLFORD: Number one, sure they are sustainable with these greater, these large global brands because it's not just about the shopping. It's their presence and their marketing of their brand name. But as a outcome the people, the lesser teams merely will not be able to afford to be in those places as the rents drive up. And that will create markets in secondary locations like George Road off centre in Sydney and no doubt other metropolitan areas there is a similar trend and produce more buying in the lesser places for these brands. MICHAEL EDWARDS: The retailers themselves are not so sure about this. Margy Osmond is head of the Australian Nationwide Retailers Association, the peak body for large retailers. MARGY OSMOND: Successfully I suppose Australia is blessed with some really great shopping strips now. And obviously you can see that from their costing structure when reflected towards other world metropolitan areas. Of the centre billiga nike free of Sydney now with the opening of the new Westfield centre, it's a pretty glamorous location to shop. MICHAEL EDWARDS: Margy Osmond says the higher rents are hurting company owners. MARGY OSMOND: Appear there is no doubt that Australian merchants bear a entire range of additional expenses that retailers in other parts of the globe are not dealing with. And not the minimum billiga nike free 2 these are you know staffing costs. But definitely rental is a large element of the overheads for merchants and even the Productiveness Fee has highlighted that 1 as an issue that requirements some examination. MICHAEL EDWARDS: Smaller merchants are also concerned. Russell Zimmermann is the government director of the Australian Merchants Affiliation. RUSSELL ZIMMERMANN: Nicely look obviously whilst there is demand for these websites they can put up the rents. But there will arrive a time when a landlord's raises are greater than what can be reasonably