The Age
·general
·2 hours ago
Melbourne's CBD shop vacancies fall to 4.6 percent as leasing surges
Melbourne's CBD shop vacancies dropped to 4.6 percent, down from over 30 percent during the pandemic. Fitzroys reports hospitality and entertainment businesses now occupy 49.4 percent of retail space, with rents on Swanston Street reaching up to $5,000 per square metre. Leasing activity surged following the completion of the Metro Tunnel, revitalizing the city's commercial landscape.
Summary by Glance · The Age
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