From zero-gravity pods to surfer pilates, Manly is fast becoming Sydney’s premier wellness hub — with a wave of innovative health and lifestyle businesses setting up shop by the sea. A Wellness Movement by the Beach Manly’s transformation into a vibrant health and wellness precinct is well underway. Across the CBD, new operators are combining.
Empty retail properties often see landlords criticised by the market and local communities for asking too much rent, however there are other complex and interacting factors. While some landlords do have unrealistic rent expectations, other factors that lead to properties sitting vacant for extended periods include local market conditions, the pressure of online retail, state.
It’s important to support small, local business year-round, but this COVID Christmas you could be making a huge difference to small businesses by shopping local.
COVID has seen some retail businesses boom and devastated others. It has accelerated the trend online, changed tenancy mixes and highlighted the importance of brand narratives and regional strategies.
A tenant representative is a commercial property specialist who acts on behalf of businesses or individuals looking for a property to rent or buy.
Like a residential property buyer’s agent, a tenant rep will…
A change in the consumer landscape has led to a paradigm shift in retail property that has enticed landlords to broaden their leasing prospects from traditional goods retailers to service retailers.
Despite claims that e-commerce represents the end of brick-and-mortar retail stores, 2019 research found that 63 per cent of Australians still preferred shopping in-store to online. Furthermore, most respondents surveyed indicated that they were generally willing to spend more money in-store than online. The preference for physical stores was attributed to the hands-on immersive shopping.
The December 2017 arrival of Amazon in Australia may spell doom for retail businesses who don’t adapt, however there are opportunities for those who do.
