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Back from the dead! Melbourne’s shopping strips show signs of life

Ross and Russel
Article image for Back from the dead! Melbourne’s shopping strips show signs of life

Shopping strips dotted around Melbourne’s suburbs are roaring back to life by broadening their appeal and attracting service-based businesses according to a new study.

Research by commercial agency Fitzroys found 85% of strips were reducing vacancy rates by increasing the number of service-based businesses such as dentists, massage parlours and gyms.

Director at Fitzroys David Bourke said the key to a successful strip was to offer services you can’t get online.

“Across the strips that we surveyed we certainly saw a pick up in those service providers,” he told 3AW Breakfast.

“They were once upon a time on the periphery of the strips, and with rental levels coming back to more realistic levels, a lot of these providers are seizing the opportunities to relocate to better positions within the strip.”

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Ross and Russel
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