Va­can­cies not so bad

Western Suburbs Weekly - - News - By ROSANNA CANDLER

SHOP va­cancy rates in Subiaco are not as bad as pre­vi­ously thought, says City of Subiaco chief ex­ec­u­tive Ian Hill.

Mr Hill said the City re­cently as­sessed 400 lo­cal busi­nesses and found the va­cancy rate was 6.1 per cent.

“A 5 per cent rate of va­cancy is ac­cept­able in terms of busi­ness turnover, which ob­vi­ously oc­curs wher­ever small busi­nesses are con­gre­gated,” he said.

“It was re­as­sur­ing to find that we were very close to that 5 per cent fig­ure; we are quite happy with that.”

Mr Hill said there had been “some con­cern” re­gard­ing the me­dia at­ten­tion high rents and empty shops in Subiaco had re­ceived.

“It’s very easy to fo­cus on empty premises, as they tend to stick out quite of­ten more than op­er­at­ing busi­nesses,” he said.

“We’re do­ing some more data col­lec­tion in re­la­tion to the lease rental is­sues, and once we have fi­nalised that, we’re an­tic­i­pat­ing that this dis­cus­sion fo­rum with land­lords and oth­ers will be set up late in April.

“In this north end of Rokeby Road, re­cently there were 10 premises va­cant and now there’s only four. There is very clearly a re­vi­tal­i­sa­tion of busi­ness ac­tiv­ity.”

On page 11 of the March 17 edi­tion, we in­cor­rectly quoted Subiaco chief ex­ec­u­tive Ian Hill as say­ing ac­tion on Lords con­struc­tion com­plaints from res­i­dents would be sup­pressed. He ac­tu­ally said “pro­gressed”.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.