Shops and traders in local centres across Boroondara have experienced a lot of hardship with the impacts of COVID-19 restrictions.
Maling Road in particular has several vacant shops now.
The new retail premises under the development of the old Bradshaws site at 87 Maling Rd have remained vacant for over 2 years now.
Rents charged by landlords for retail premises are very high. For example:
- $75K per annum for 105sqm
- $92K per annum for 144sqm