Plans to revitalise the CBD’s retail reputation have been teased for years. Retail vacancy rates in the city are now the second highest in the country.
Justin Kestelman’s homewares store is just three kilometres from Dagelbu Sherpa’s sushi shop – but their stories illustrate the cost-of-living crunch and differing fortunes of suburban shopping strips.
Office landlords and local businesses say more people working together in an office gives an area a good “vibe”.
A disturbing number of well-known hostelries are also calling last drinks because of soaring costs.
Thornbury’s abandoned Le Pine Funerals site is defying High Street’s recently bestowed status as the world’s coolest street.
It’s a question occupying minds in the property industry as office occupancy dwindles and little used buildings face redundancy.
Big corporates wanting to offload space are struggling to compete with landlords who are offering big incentives in rent deals.
Sydney may have the views of the Harbour,but Melburnians opt for bigger office space.
Sheryl Houston is a cleaner who has lived in her “nice old place”,faithfully paying rent,for nine years. But she fears she’ll be on the street come Christmas.
More than $3 billion worth of private projects are getting the stamp of approval across metropolitan Sydney and Melbourne.
An Oxford Street landmark in Sydney’s east,the former Palace Verona cinema,is set to be transformed into a $100 million upmarket office complex with retail and rooftop dining.