Page 20 - Danni Hunter News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Property Council of Australia Victorian executive director Danni Hunter said the financial costs would be felt for some time. “The cost of this circuit-breaker lockdown is devastating and will set Victoria back months in our economic recovery,” she said. “It will be vital on the other side that the Victorian government boosts all efforts even further to reactivate Melbourne and ensure this is merely a small blip in our sustained economic recovery.” Chinatown precinct spokesman Christopher Ng said the Lunar New Year weekend was the busiest time of year for local businesses,...

New wave of business failures feared as end looms for tenancy support scheme We’re sorry, this service is currently unavailable. Please try again later. Dismiss Save Normal text size Advertisement A small business lobby group is warning of a fresh wave of insolvencies when the state government’s COVID-19 Commercial Tenancy Relief Scheme ends in late March. The scheme’s helpline for small business owners hit by the COVID-19 crisis, or their landlords, has received more than 300 calls a week on average in the 11 months it has been running. Victorian small businesses are doing it ...

The nation’s office vacancy rate has tapped its highest level in more than two decades, increasing over the past six months to 11.7 per cent – a mark not reached since January 1997.

Sublease space surges as Melbourne tenants contract Share Sublease office vacancy in Melbourne more than doubled over the last six months as tenants, small and large, responded to the uncertainty by contracting, even as commercial development, still going strong at a pre-pandemic supply level, added another 350,000 square metres of space to the market. The disconnect between the supply of new space, albeit the vast bulk of it pre-committed, and the more volatile metric of demand as nervy tenants reduced their footprints was clearly evident across the main market metrics. Net absorption – th...

Advertisement Business groups are calling for all Melbourne office employees to be allowed to return to the workplace within weeks, safety permitting, to help revive the city’s economy. The call comes after Premier Daniel Andrews announced on Tuesday that 75 per cent of public and private sector staff could get back to their desks from next Monday, accelerating the return-to-work plan after Victoria recorded its 27th day without a local case of COVID-19. While up to 50 per cent of office workers have been allowed back into workplaces since January 18 under the state government’s revised c...