The Lease Is Up

I note that there are a number of premises for lease in…

Everywhere.

Just back from a trip to Melbourne and Sydney and the number of ” for lease ” signs that line the streets are staggering. Not so much on the main city streets – though there are plenty of empty premises in the arcades and back ways. It’s the secondary suburbs that are really quite surprising…even Brunswick Street in Fitzroy – my favourite crap shop and dodgy restaurant district – is thinning out and looking for tenants.

Our own city suburbs have long stretches of highway that are all going begging. But the interesting thing is I bet they are not willing to beg. I suspect the landlords are still trying for every price increase and every winning extra charge that they can get. The fact that they cannot get them hasn’t quite registered.

I even see the foolishness of our local large shopping centre -a place that has a lack of parking space most of the time – ripping up the carpark for more stand-alone businesses at a time when other shops and spaces in their main building are hoarded over.

I am not sure whether it is the lease or the jig that is up…

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