Commercial Real Estate Market
The Ever Changing Face of Your Neighbourhood Retail Strip Centre
The disparity between some of Melbourne’s local neighbourhood retail shopping centres and the appetite of local investors continues to bewilder some.
Whilst retailers in general terms continue to complain about the lack of trade and the ever increasing costs of day to day business whether it be the rent or the cost of labour via penalty rates…it seems that unless you are operating a café…you are struggling.
COMMERCIAL ZONING REFORMS (VICTORIA):
COMMERCIAL ZONING REFORMS (VICTORIA): As at July 1st 2013, there has been a substantial restructure of Victoria’s Commercial planning zones by the state Government. The new commercial zones will offer more flexibility that is needed to support a range of commercial demands.