Ah, the dreaded cost of living crisis. It's eating away at us like a creeping disease, and it looks like it's also taking its toll on our beloved shopping centres.

Take Brisbane's 'Uptown' shopping mall, for example. Once the proud home of the flagship Myer store, one of Australia's oldest and most iconic brands, it has been left a barren wasteland since Myer's departure.

​

As the Courier Mail reported, only a small number of tired tradies and workers were found in the once bustling food court, and Country Road, Lincraft and Portmans were struggling to draw in the sort of large crowds usually seen in comparable shopping centres like Carindale or Chermside.

Gone were Myer's signs and the ever-present crowds. Even the buildings had emptied, the shelves littered with almost poetically symbolic reminders of Myer's reign over the area.

Signages have been replaced inside the shopping centre. Credit: Benga Designs/Facebook

‘Uptown’, formerly known as the Myer Centre, is a shadow of its former self.

So why did Myer up and leave?

Well, it turns out that talks between the store and its landlord happened in March, leading Myer chief executive John King to express his disappointment over the deal.

'While we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD (Central Business District) location,' he said.

Myer’s departed the shopping centre last week. Credit: TIME CAPSULE CAPTURES/Youtube

​

This was a crushing blow to Brisbane's retail community, as the store had been a fixture in the city since 1988. In its three-plus decade tenure, it had served as a symbol of the city and a reminder of its past–and now, without warning, it had been taken away.

It also sent people into a tizz over who, if anyone, would be the lucky tenant to take up residence in the Queen St Mall.

Rumours persisted that Griffith University was looking to take up residence there and turn it into a brand-new campus.

The rumours were soon put to rest by the university, though, as it released a statement clarifying that the Myer Centre ('Uptown') was not one of the shortlisted options for a new campus.

Unsurprisingly, Myer's sudden departure comes amid Aussies struggling with the high cost of living.

According to the Australian Bureau of Statistics (ABS), overall household spending was up 3.3 per cent in May compared to last year, with service-category spending seeing an overall increase of 7.2 per cent.

Sadly, goods spending suffered a drop of 0.9 per cent, with the only increase noticed in the food sector (5.8 per cent). This was primarily due to the May Consumer Price Index report, which found that food prices had increased by 7.9 per cent.

This increase in food costs has forced many Aussies to reconsider their diet, with the demand for red meat, protein bars and shakes all seeing a decrease.

The disappearance of Myer from the iconic shopping centre has genuinely been a sad thing to witness, and it only serves to heighten our awareness of how our communities, particularly in the retail world, can change so quickly.

Key Takeaways

• Brisbane’s ‘Uptown’ shopping centre, formerly known as the Myer Centre, is experiencing a drastic drop in foot traffic following the departure of flagship store Myer.
• Despite a robust marketing campaign, the usually busy stores within the centre, such as Country Road, Lincraft and Portmans, struggle to attract customers.
• Talks between the store and its landlord happened in March, leading Myer chief executive John King to say they will ‘look for an alternative CBD (Central Business District) location’.
• According to the Australian Bureau of Statistics (ABS), Australian household spending increased by 3.3 per cent in May compared to 2022, with service-category spending increasing by 7.2 per cent.

Have you been to any shopping centres recently, dear members? What do you think of this story? Let us know in the comments!

 

[John.RS]

Corporate greed? I have not lived in Brisbane for 10 years, but parking in the underground car park was atrociously expensive, and I avoided going there.

 

[Bill Mcl]

Every time the rents go up a shop closes somewhere.

 

[lonelyasacloud]

Sad to see it go

 

[IAN3005]

Ah, the dreaded cost of living crisis. It's eating away at us like a creeping disease, and it looks like it's also taking its toll on our beloved shopping centres.

Take Brisbane's 'Uptown' shopping mall, for example. Once the proud home of the flagship Myer store, one of Australia's oldest and most iconic brands, it has been left a barren wasteland since Myer's departure.

​

As the Courier Mail reported, only a small number of tired tradies and workers were found in the once bustling food court, and Country Road, Lincraft and Portmans were struggling to draw in the sort of large crowds usually seen in comparable shopping centres like Carindale or Chermside.

Gone were Myer's signs and the ever-present crowds. Even the buildings had emptied, the shelves littered with almost poetically symbolic reminders of Myer's reign over the area.

View attachment 26950

Signages have been replaced inside the shopping centre. Credit: Benga Designs/Facebook

‘Uptown’, formerly known as the Myer Centre, is a shadow of its former self.

So why did Myer up and leave?

Well, it turns out that talks between the store and its landlord happened in March, leading Myer chief executive John King to express his disappointment over the deal.

'While we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD (Central Business District) location,' he said.

View attachment 26951

Myer’s departed the shopping centre last week. Credit: TIME CAPSULE CAPTURES/Youtube

​

This was a crushing blow to Brisbane's retail community, as the store had been a fixture in the city since 1988. In its three-plus decade tenure, it had served as a symbol of the city and a reminder of its past–and now, without warning, it had been taken away.

It also sent people into a tizz over who, if anyone, would be the lucky tenant to take up residence in the Queen St Mall.

Rumours persisted that Griffith University was looking to take up residence there and turn it into a brand-new campus.

The rumours were soon put to rest by the university, though, as it released a statement clarifying that the Myer Centre ('Uptown') was not one of the shortlisted options for a new campus.

Unsurprisingly, Myer's sudden departure comes amid Aussies struggling with the high cost of living.

According to the Australian Bureau of Statistics (ABS), overall household spending was up 3.3 per cent in May compared to last year, with service-category spending seeing an overall increase of 7.2 per cent.

Sadly, goods spending suffered a drop of 0.9 per cent, with the only increase noticed in the food sector (5.8 per cent). This was primarily due to the May Consumer Price Index report, which found that food prices had increased by 7.9 per cent.

This increase in food costs has forced many Aussies to reconsider their diet, with the demand for red meat, protein bars and shakes all seeing a decrease.

The disappearance of Myer from the iconic shopping centre has genuinely been a sad thing to witness, and it only serves to heighten our awareness of how our communities, particularly in the retail world, can change so quickly.

Key Takeaways

• Brisbane’s ‘Uptown’ shopping centre, formerly known as the Myer Centre, is experiencing a drastic drop in foot traffic following the departure of flagship store Myer.
• Despite a robust marketing campaign, the usually busy stores within the centre, such as Country Road, Lincraft and Portmans, struggle to attract customers.
• Talks between the store and its landlord happened in March, leading Myer chief executive John King to say they will ‘look for an alternative CBD (Central Business District) location’.
• According to the Australian Bureau of Statistics (ABS), Australian household spending increased by 3.3 per cent in May compared to 2022, with service-category spending increasing by 7.2 per cent.

Have you been to any shopping centres recently, dear members? What do you think of this story? Let us know in the comments!

Why people focus on the $$$ increase in spending always flummoxes me. Sure the spending is up $$$$ wise, it is natural seeing how prices have risen so exorbitantly.... they should focus on the unit decrease. Take into consideration the cost of markdowns as well as a cost to the business. It's all smoke and mirrors to lull us into a sense of false security, in other words of the vernacular BS.

 

[Gaena]

Ah, the dreaded cost of living crisis. It's eating away at us like a creeping disease, and it looks like it's also taking its toll on our beloved shopping centres.

Take Brisbane's 'Uptown' shopping mall, for example. Once the proud home of the flagship Myer store, one of Australia's oldest and most iconic brands, it has been left a barren wasteland since Myer's departure.

​

As the Courier Mail reported, only a small number of tired tradies and workers were found in the once bustling food court, and Country Road, Lincraft and Portmans were struggling to draw in the sort of large crowds usually seen in comparable shopping centres like Carindale or Chermside.

Gone were Myer's signs and the ever-present crowds. Even the buildings had emptied, the shelves littered with almost poetically symbolic reminders of Myer's reign over the area.

View attachment 26950

Signages have been replaced inside the shopping centre. Credit: Benga Designs/Facebook

‘Uptown’, formerly known as the Myer Centre, is a shadow of its former self.

So why did Myer up and leave?

Well, it turns out that talks between the store and its landlord happened in March, leading Myer chief executive John King to express his disappointment over the deal.

'While we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD (Central Business District) location,' he said.

View attachment 26951

Myer’s departed the shopping centre last week. Credit: TIME CAPSULE CAPTURES/Youtube

​

This was a crushing blow to Brisbane's retail community, as the store had been a fixture in the city since 1988. In its three-plus decade tenure, it had served as a symbol of the city and a reminder of its past–and now, without warning, it had been taken away.

It also sent people into a tizz over who, if anyone, would be the lucky tenant to take up residence in the Queen St Mall.

Rumours persisted that Griffith University was looking to take up residence there and turn it into a brand-new campus.

The rumours were soon put to rest by the university, though, as it released a statement clarifying that the Myer Centre ('Uptown') was not one of the shortlisted options for a new campus.

Unsurprisingly, Myer's sudden departure comes amid Aussies struggling with the high cost of living.

According to the Australian Bureau of Statistics (ABS), overall household spending was up 3.3 per cent in May compared to last year, with service-category spending seeing an overall increase of 7.2 per cent.

Sadly, goods spending suffered a drop of 0.9 per cent, with the only increase noticed in the food sector (5.8 per cent). This was primarily due to the May Consumer Price Index report, which found that food prices had increased by 7.9 per cent.

This increase in food costs has forced many Aussies to reconsider their diet, with the demand for red meat, protein bars and shakes all seeing a decrease.

The disappearance of Myer from the iconic shopping centre has genuinely been a sad thing to witness, and it only serves to heighten our awareness of how our communities, particularly in the retail world, can change so quickly.

Key Takeaways

• Brisbane’s ‘Uptown’ shopping centre, formerly known as the Myer Centre, is experiencing a drastic drop in foot traffic following the departure of flagship store Myer.
• Despite a robust marketing campaign, the usually busy stores within the centre, such as Country Road, Lincraft and Portmans, struggle to attract customers.
• Talks between the store and its landlord happened in March, leading Myer chief executive John King to say they will ‘look for an alternative CBD (Central Business District) location’.
• According to the Australian Bureau of Statistics (ABS), Australian household spending increased by 3.3 per cent in May compared to 2022, with service-category spending increasing by 7.2 per cent.

Have you been to any shopping centres recently, dear members? What do you think of this story? Let us know in the comments!

Ghost town Shopping Centeres like the Brisbane one have nothing to do with the present economy woes and more to do with the greed of the center management. Exhorbitent rent is one of the problems causing shops to close and the space being left remaining empty, sometimes for years. A lot of the management will not negotiate with intending shop owners and just insist firmly that the price for the lease is set and will not change. We have many examples of this destructive mentality in our Town with a plethora of empty shop spaces everywhere.

 

[Tipsy]

Ah, the dreaded cost of living crisis. It's eating away at us like a creeping disease, and it looks like it's also taking its toll on our beloved shopping centres.

Take Brisbane's 'Uptown' shopping mall, for example. Once the proud home of the flagship Myer store, one of Australia's oldest and most iconic brands, it has been left a barren wasteland since Myer's departure.

​

As the Courier Mail reported, only a small number of tired tradies and workers were found in the once bustling food court, and Country Road, Lincraft and Portmans were struggling to draw in the sort of large crowds usually seen in comparable shopping centres like Carindale or Chermside.

Gone were Myer's signs and the ever-present crowds. Even the buildings had emptied, the shelves littered with almost poetically symbolic reminders of Myer's reign over the area.

View attachment 26950

Signages have been replaced inside the shopping centre. Credit: Benga Designs/Facebook

‘Uptown’, formerly known as the Myer Centre, is a shadow of its former self.

So why did Myer up and leave?

Well, it turns out that talks between the store and its landlord happened in March, leading Myer chief executive John King to express his disappointment over the deal.

'While we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD (Central Business District) location,' he said.

View attachment 26951

Myer’s departed the shopping centre last week. Credit: TIME CAPSULE CAPTURES/Youtube

​

This was a crushing blow to Brisbane's retail community, as the store had been a fixture in the city since 1988. In its three-plus decade tenure, it had served as a symbol of the city and a reminder of its past–and now, without warning, it had been taken away.

It also sent people into a tizz over who, if anyone, would be the lucky tenant to take up residence in the Queen St Mall.

Rumours persisted that Griffith University was looking to take up residence there and turn it into a brand-new campus.

The rumours were soon put to rest by the university, though, as it released a statement clarifying that the Myer Centre ('Uptown') was not one of the shortlisted options for a new campus.

Unsurprisingly, Myer's sudden departure comes amid Aussies struggling with the high cost of living.

According to the Australian Bureau of Statistics (ABS), overall household spending was up 3.3 per cent in May compared to last year, with service-category spending seeing an overall increase of 7.2 per cent.

Sadly, goods spending suffered a drop of 0.9 per cent, with the only increase noticed in the food sector (5.8 per cent). This was primarily due to the May Consumer Price Index report, which found that food prices had increased by 7.9 per cent.

This increase in food costs has forced many Aussies to reconsider their diet, with the demand for red meat, protein bars and shakes all seeing a decrease.

The disappearance of Myer from the iconic shopping centre has genuinely been a sad thing to witness, and it only serves to heighten our awareness of how our communities, particularly in the retail world, can change so quickly.

Key Takeaways

• Brisbane’s ‘Uptown’ shopping centre, formerly known as the Myer Centre, is experiencing a drastic drop in foot traffic following the departure of flagship store Myer.
• Despite a robust marketing campaign, the usually busy stores within the centre, such as Country Road, Lincraft and Portmans, struggle to attract customers.
• Talks between the store and its landlord happened in March, leading Myer chief executive John King to say they will ‘look for an alternative CBD (Central Business District) location’.
• According to the Australian Bureau of Statistics (ABS), Australian household spending increased by 3.3 per cent in May compared to 2022, with service-category spending increasing by 7.2 per cent.

Have you been to any shopping centres recently, dear members? What do you think of this story? Let us know in the comments!

I dont know where you got this story from but it looks like it is all wrong... its not a Big amount of shoppers but it is definitely not a ghost town thats for sure

 

[Vinylted]

Corporate greed everywhere!

 

[DebbieMJ23]

Ah, the dreaded cost of living crisis. It's eating away at us like a creeping disease, and it looks like it's also taking its toll on our beloved shopping centres.

Take Brisbane's 'Uptown' shopping mall, for example. Once the proud home of the flagship Myer store, one of Australia's oldest and most iconic brands, it has been left a barren wasteland since Myer's departure.

​

As the Courier Mail reported, only a small number of tired tradies and workers were found in the once bustling food court, and Country Road, Lincraft and Portmans were struggling to draw in the sort of large crowds usually seen in comparable shopping centres like Carindale or Chermside.

Gone were Myer's signs and the ever-present crowds. Even the buildings had emptied, the shelves littered with almost poetically symbolic reminders of Myer's reign over the area.

View attachment 26950

Signages have been replaced inside the shopping centre. Credit: Benga Designs/Facebook

‘Uptown’, formerly known as the Myer Centre, is a shadow of its former self.

So why did Myer up and leave?

Well, it turns out that talks between the store and its landlord happened in March, leading Myer chief executive John King to express his disappointment over the deal.

'While we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD (Central Business District) location,' he said.

View attachment 26951

Myer’s departed the shopping centre last week. Credit: TIME CAPSULE CAPTURES/Youtube

​

This was a crushing blow to Brisbane's retail community, as the store had been a fixture in the city since 1988. In its three-plus decade tenure, it had served as a symbol of the city and a reminder of its past–and now, without warning, it had been taken away.

It also sent people into a tizz over who, if anyone, would be the lucky tenant to take up residence in the Queen St Mall.

Rumours persisted that Griffith University was looking to take up residence there and turn it into a brand-new campus.

The rumours were soon put to rest by the university, though, as it released a statement clarifying that the Myer Centre ('Uptown') was not one of the shortlisted options for a new campus.

Unsurprisingly, Myer's sudden departure comes amid Aussies struggling with the high cost of living.

According to the Australian Bureau of Statistics (ABS), overall household spending was up 3.3 per cent in May compared to last year, with service-category spending seeing an overall increase of 7.2 per cent.

Sadly, goods spending suffered a drop of 0.9 per cent, with the only increase noticed in the food sector (5.8 per cent). This was primarily due to the May Consumer Price Index report, which found that food prices had increased by 7.9 per cent.

This increase in food costs has forced many Aussies to reconsider their diet, with the demand for red meat, protein bars and shakes all seeing a decrease.

The disappearance of Myer from the iconic shopping centre has genuinely been a sad thing to witness, and it only serves to heighten our awareness of how our communities, particularly in the retail world, can change so quickly.

Key Takeaways

• Brisbane’s ‘Uptown’ shopping centre, formerly known as the Myer Centre, is experiencing a drastic drop in foot traffic following the departure of flagship store Myer.
• Despite a robust marketing campaign, the usually busy stores within the centre, such as Country Road, Lincraft and Portmans, struggle to attract customers.
• Talks between the store and its landlord happened in March, leading Myer chief executive John King to say they will ‘look for an alternative CBD (Central Business District) location’.
• According to the Australian Bureau of Statistics (ABS), Australian household spending increased by 3.3 per cent in May compared to 2022, with service-category spending increasing by 7.2 per cent.

Have you been to any shopping centres recently, dear members? What do you think of this story? Let us know in the comments!

 

[DebbieMJ23]

I don't know who owns the Myer Centre, but how stupid and short sighted are they? They should have been able to negotiate, as it was always the central hub of the city. I've worked in the city since 1988 when Myer opened. It is a shame for the other shops in the centre, the people who work in the city, and the myriad visitors. Wake up - Brisbane needs a vibrant city life.

 

[SEAN]

Ah, the dreaded cost of living crisis. It's eating away at us like a creeping disease, and it looks like it's also taking its toll on our beloved shopping centres.

Take Brisbane's 'Uptown' shopping mall, for example. Once the proud home of the flagship Myer store, one of Australia's oldest and most iconic brands, it has been left a barren wasteland since Myer's departure.

​

As the Courier Mail reported, only a small number of tired tradies and workers were found in the once bustling food court, and Country Road, Lincraft and Portmans were struggling to draw in the sort of large crowds usually seen in comparable shopping centres like Carindale or Chermside.

Gone were Myer's signs and the ever-present crowds. Even the buildings had emptied, the shelves littered with almost poetically symbolic reminders of Myer's reign over the area.

View attachment 26950

Signages have been replaced inside the shopping centre. Credit: Benga Designs/Facebook

‘Uptown’, formerly known as the Myer Centre, is a shadow of its former self.

So why did Myer up and leave?

Well, it turns out that talks between the store and its landlord happened in March, leading Myer chief executive John King to express his disappointment over the deal.

'While we remain committed to the Brisbane market, we have been unable to negotiate a reasonable commercial outcome with the landlord and as such will continue to look for an alternative CBD (Central Business District) location,' he said.

View attachment 26951

Myer’s departed the shopping centre last week. Credit: TIME CAPSULE CAPTURES/Youtube

​

This was a crushing blow to Brisbane's retail community, as the store had been a fixture in the city since 1988. In its three-plus decade tenure, it had served as a symbol of the city and a reminder of its past–and now, without warning, it had been taken away.

It also sent people into a tizz over who, if anyone, would be the lucky tenant to take up residence in the Queen St Mall.

Rumours persisted that Griffith University was looking to take up residence there and turn it into a brand-new campus.

The rumours were soon put to rest by the university, though, as it released a statement clarifying that the Myer Centre ('Uptown') was not one of the shortlisted options for a new campus.

Unsurprisingly, Myer's sudden departure comes amid Aussies struggling with the high cost of living.

According to the Australian Bureau of Statistics (ABS), overall household spending was up 3.3 per cent in May compared to last year, with service-category spending seeing an overall increase of 7.2 per cent.

Sadly, goods spending suffered a drop of 0.9 per cent, with the only increase noticed in the food sector (5.8 per cent). This was primarily due to the May Consumer Price Index report, which found that food prices had increased by 7.9 per cent.

This increase in food costs has forced many Aussies to reconsider their diet, with the demand for red meat, protein bars and shakes all seeing a decrease.

The disappearance of Myer from the iconic shopping centre has genuinely been a sad thing to witness, and it only serves to heighten our awareness of how our communities, particularly in the retail world, can change so quickly.

Key Takeaways

• Brisbane’s ‘Uptown’ shopping centre, formerly known as the Myer Centre, is experiencing a drastic drop in foot traffic following the departure of flagship store Myer.
• Despite a robust marketing campaign, the usually busy stores within the centre, such as Country Road, Lincraft and Portmans, struggle to attract customers.
• Talks between the store and its landlord happened in March, leading Myer chief executive John King to say they will ‘look for an alternative CBD (Central Business District) location’.
• According to the Australian Bureau of Statistics (ABS), Australian household spending increased by 3.3 per cent in May compared to 2022, with service-category spending increasing by 7.2 per cent.

Have you been to any shopping centres recently, dear members? What do you think of this story? Let us know in the comments!

yeah, greedy bloody landlords They get greedy and lose the plot.

 

[SEAN]

greedy bloody land lords,some get that greedy they end up losing the lot.

 

[Penny4]

Vicinity Centres who own the shopping centre are greedy and Myer moved out. Such a familiar story Australia wide. Owners of shopping centres increase rent and shops shut. Sad for customers.

 

[PepeLePew]

I've never been able to afford to shop at Myer but every year at Christmas time I would take my grandchildren to Myer in the city for the train ride and to get Santa photos done. It has been a tradition now for the past 15yrs. Certainly hope that Myer finds another venue in the heart of Brisbane before the December school holidays.

 

[Annna]

Ghost town Shopping Centeres like the Brisbane one have nothing to do with the present economy woes and more to do with the greed of the center management. Exhorbitent rent is one of the problems causing shops to close and the space being left remaining empty, sometimes for years. A lot of the management will not negotiate with intending shop owners and just insist firmly that the price for the lease is set and will not change. We have many examples of this destructive mentality in our Town with a plethora of empty shop spaces everywhere.

But larger stores (eg Coles, Woolies and Myer) tend to have bargaining power because they are viewed as 'anchor' tenants who draw the customers in to the centres.

 

[Mina vriesekolk]

Myer was an icon in the Brisbane inner city , when it first opened you could still find some free parking spots . The shopping mall wouldn’t be the same . It was not a sudden disappearance, they given the landlord plenty of notice , I have known for a year Myer would move out.
There will be many more shops closing , it can’t just continue and building new shopping centres , you need the customers and they have not so much to spend these days and it does not look much better in the near future. .

 

[Penny4]

I don't understand landlords mentality these days. Why don't they reduce the rent so the tenants stay, instead of empty shops.

 

[IAN3005]

Ghost town Shopping Centeres like the Brisbane one have nothing to do with the present economy woes and more to do with the greed of the center management. Exhorbitent rent is one of the problems causing shops to close and the space being left remaining empty, sometimes for years. A lot of the management will not negotiate with intending shop owners and just insist firmly that the price for the lease is set and will not change. We have many examples of this destructive mentality in our Town with a plethora of empty shop spaces everywhere.

Let them learn the hard way. I would be frantic if a store were not leased within a month of being vacated. The shopping centre must see the warning signs. When I ran stores in shopping centres I used to have to submit monthly sales and a forecast for the coming month so they kept a vigilant eye on the businesses. Benchmark the businesses. If you sign a 5+5 lease (5 years as the minimum) the landlord has the right to demand the rent for the balance of the lease.... can't pay..... then they lease to a new tenant at a lower rate and YOU pay the difference for the balance of the lease.
Anyone entering a commercial lease nowadays has rocks in their heads

 

[Gaena]

Let them learn the hard way. I would be frantic if a store were not leased within a month of being vacated. The shopping centre must see the warning signs. When I ran stores in shopping centres I used to have to submit monthly sales and a forecast for the coming month so they kept a vigilant eye on the businesses. Benchmark the businesses. If you sign a 5+5 lease (5 years as the minimum) the landlord has the right to demand the rent for the balance of the lease.... can't pay..... then they lease to a new tenant at a lower rate and YOU pay the difference for the balance of the lease.
Anyone entering a commercial lease nowadays has rocks in their heads

Its obvious that the center management of the 3 main shopping centers in our regional town do not share your expertise, Most of the centers have had empty shop spaces for over 3 years, some are occupied briefly by "Pop up"shops that close after a few months, other than that the only shops doing well with no intention of closing down are the supermarkets, we all need to eat! I have also noticed that most of the owners of the centers are large companies based in the eastern states so probably expect to get city prices for their leases and have no clue when it comes to operating in the regions.

 

[IAN3005]

Its obvious that the center management of the 3 main shopping centers in our regional town do not share your expertise, Most of the centers have had empty shop spaces for over 3 years, some are occupied briefly by "Pop up"shops that close after a few months, other than that the only shops doing well with no intention of closing down are the supermarkets, we all need to eat! I have also noticed that most of the owners of the centers are large companies based in the eastern states so probably expect to get city prices for their leases and have no clue when it comes to operating in the regions.

hMMM 3 years.. the tenant must have signed a 5+5 year lease.. only another 2 years to go and it's over..