UPA – Urban Property Australia provides its Q1 2021 Melbourne Retail Market report – 12th April 2021
Posted on April 21, 2021 in News
- Investment in Victorian retail property for 2020 was the lowest level since 2012
- For the time on record Victorian retail trade contracted in 2020
- There was a 200% increase in the number of retail store closures in 2020
- Vacancy in Melbourne retail strips has climbed to an all-time high of 15%. This is across all strips – some are sitting above 20% vacancy.
http://www.upaustralia.com.au/research/q1-2021-melbourne-retail-market/
