Why suburban shopping strips are becoming emptier in Melbourne

Suburban shopping strips in Melbourne are becoming emptier as landlords refuse to cut advertised rents.

Even on the once premier retail strip of Chapel Street, one in five shops sit empty, and one shop in South Yarra has had the shutters up for nine months.

Property consultant Richard Jenkins told Ross and Russel landlords would rather have an empty shop than drop the rent.

Press PLAY to hear him explain 

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