Melbourne's CBD had strong winter retail sales with the lowest vacancy rate, driven by food, beverage, and fashion retailers.
Melbourne's Central Business District (CBD) saw strong retail sales during the winter months, achieving the lowest vacancy rate among Australian capitals. Food, beverage, and fashion retailers contributed significantly to this growth, occupying over half the shops, particularly in the area bounded by La Trobe and Flinders streets, and Spring and Queen streets. Experts anticipate continued growth with the Metro Tunnel's opening next year, expected to boost shop occupancy further.
September 15, 2024
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