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Retail vacancies: Bridge Road is Melbourne was a shopping hotspot but is now a 'ghost town'

Businesses on Bridge Road in Richmond, which has a whopping 15.5 per cent vacancy rate, fear an insolvency snowball effect. ....

Western Australia , New South Wales , Ellie Black , Elke Meitzel , Renato Marsilli , Richard Jenkins , James Lockwood , Leighton Hunziker , Eagle Hotel In Richmond , Eagle Hotel , Marquee Retail Group , University Of Melbourne , Australian Financial , Spread Eagle Hotel , Bridge Road , Acland Street , Lennox Street , Church Street , High Street , Lygon Street ,

'Golden days are over': retailers win battle as rents reset


‘Golden days are over’: retailers win battle as rents reset
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Retailers are winning the battle for lower rents, securing 5 to 10 per cent reductions for short-term lease renewals and 15 to 20 per cent discounts for new leases as the pandemic forces landlords to the negotiating table.
In the Sydney and Melbourne CBDs, where foot traffic and sales at specialty retailers have plummeted because of the absence of office workers and international travellers, some retailers are winning 60 per cent rent cuts from landlords desperate to keep premises occupied.
A boarded-up store in Acland Street, Melbourne. Landlords have agreed to cut rents to keep stores occupied.   ....

Bernie Brookes , Savill Leighton Hunziker , Louise Mason , Leighton Hunziker , Paul Zahra , Mark Mcinnes , Daniel Agostinelli , Alex Ellinghausen , Scentre Group , Accent Group , Australian Retailers Association , Savills Australia , Premier Retail , Athletes Foot , Australia Post , Vicinity Centres , பெர்னி ப்ரூக்ஸ் , லூயிஸ் கொத்தனார் , லைட்டன் ஹுஞ்சிகேர் , பால் ஸஹ்ரா , குறி மகிந்ந்ஸ் , அசை அழுத்தம் குழு , ஆஸ்திரேலிய சில்லறை விற்பனையாளர்கள் சங்கம் , ப்ரிமியர் சில்லறை , விளையாட்டு வீரர்கள் கால் , ஆஸ்திரேலியா போஸ்ட் ,