Although Melbourne’s CBD has long been the epicentre of economic, cultural and social life in the city, its role as the pre-eminent retail and commercial centre was brought to an abrupt halt by Covid-19.
During the peaks of the pandemic last year, visitor numbers to Melbourne’s retail spaces fell by 82.4 per cent from a January 2020 baseline, as workers, shoppers, diners and tourists were shut out.
In this TUD+ Briefing, retail leasing expert Zelman Ainsworth discusses the current health of Melbourne’s retail sector post-pandemic, the most up-to-date leasing, rent and asset value figures.
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