Workers’ return to the office,more tourists and an influx of international students are providing a boon for CBD businesses.
The national vacancy rate of 14.8 per cent is the emptiest CBD buildings have been since the mid-1990s but things are looking up as workers return to cities.
Landlords across Melbourne are holding out from lowering their rent prices as shop vacancy rates remain high in once-popular shopping strips.
It may not be much longer than 100 metres,but with the arrival of the world’s largest LEGO store,Sydney’s Pitt Street Mall has held its position as one of the top 10 most expensive retail strips globally to rent a store.
The Perth retail landscape will get the biggest shake-up in decades as high-end labels line up along Murray Street.
The recession of the 1990s was followed by innovation and new business activity in the Melbourne CBD. Small bars opened,laneways were activated,and inner-city living took off. We are seeing something similar happening now.
The official sale period for Brisbane’s Treasury buildings has begun,putting a fresh question mark over the river end of the mall’s future. But within this current state of flux,a bigger question needs to be asked.
Fund manager ISPT is offering up a portfolio of retail and office properties worth about $600 million across Sydney and Melbourne.
The billionaire mining magnate is opening a flagship store for the iconic Australian “bushies” outfitter R.M. Williams.
Lendlease developed the area in 2019 and is a mix of 1500 apartments,26,000 square metres of commercial office space,12,000 square metres of retail community and leisure areas.
The new store will target consumers who crave interactive and experience-based retail and like to be entertained while shopping.