Brisbane Times
·general
·2 hours ago
Melbourne shop vacancy rates fall to 4.6 percent amid retail surge
Melbourne’s CBD shop vacancy rates dropped to 4.6 percent, down from above 30 percent during the pandemic, fueled by a surge in hospitality and retail openings. Swanston Street's vacancy rate stands at 1.9 percent, with landlords now commanding rents of up to $5,000 per square meter, indicating rising demand in the city’s retail market.
Summary by Glance · Brisbane Times
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