WA’s Retail Challenges. A Quick Perth/Freo Comparison
April 4, 2017 1 Comment
Interesting to see the article on Perth CBD retail vacancies in the Sunday times this week (see below).
It says that 16% or 150 of the city centres 950 shops are currently empty.
Similarly there is a 15% vacancy rate for Rokeby Road Subiaco according to Lease Equity (November 2015).
I asked our economic development staff how this compared to Fremantle and they said Fremantle is pleasingly tracking better at around 10% of our 541 retail premises vacant as at October 2016.
There is still plenty of work to do to improve the retailing environment in Freo but I thought this was useful to show that it is not uniquely bad in our port city and that we are tracking OK in bringing Freo back to life.