Add articles to your saved list and come back to them any time.Aquila in Queen Street Mall’s Wintergarden centre is an unlikely story of resilience against the challenges facing retailers in Brisbane’s CBD.
“It’s handy being in the CBD, and we have a lot of networking with suiting brands that bring their customers here,” he says.Retail vacancy rates in Brisbane’s CBD have continued to rise in 2024, with uncertainty plaguing shopping precincts.Retail vacancy rates in Brisbane’s CBD are the second-highest in the country, behind Perth. Commercial real estate agency CBRE says 19.2 per cent of shops in Brisbane’s CBD were empty in June.
QUT professor and retail expert Gary Mortimer says while this has been replicated in other precincts such as Fortitude Valley’s James Street, the destination shopping experience has waned in the CBD. However, positive signs have emerged. Pedestrian traffic and visitor spending have increased in the CBD.
“It’s an incredibly exciting time for Brisbane and projects like our Kangaroo Point Bridge and Queen’s Wharf and Waterfront Brisbane will make our city centre even better.”Glenn Campbell