Commercial property: Melbourne leads CBD retail recovery
Retail vacancy rates fell almost 6 percentage points in the Melbourne CBD in the second half of 2022 to just over 9 per cent, according a survey by CBRE.
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Retail vacancy rates fell almost 6 percentage points in the Melbourne CBD in the second half of 2022 to just over 9 per cent, according a survey by CBRE.
The Cohen family has bought one of Melbourne’s best-known pubs and live entertainment venues, which sold with a 20-year lease to pub giant Australian Venue Co.
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Grant Cohen, whose family owns the Block Arcade in Melbourne’s CBD, says foot traffic is coming to back to pre-pandemic levels most days of the week.