Sydney stalls: Rental vacancy rate returns to 4%
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Sydney rental vacancy rate rises to 4%
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Standard retail leases will give retailers a lift at this critical time
As we await the economic fallout of the end of JobKeeper, the Real Estate Institute of NSW (REINSW) has devised a way for retail businesses to save thousands of dollars at a time when they need all the help they can get.
According to the REINSW, with a Government-prescribed retail lease agreement, retailers and landlords could avoid waiting months for leases to emerge from an unnecessarily long and costly legal process.
Just like standard residential lease agreements enable tenants to move in quickly once signed, a standard retail lease could enable retailers to get to work straight away.
Residential vacancy rates crash in regional New South Wales
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