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This article was published on Thursday, 15 June, 2017. The information contained within may be out of date or inaccurate. News articles and media releases older than 60 days are archived for future reference.

Commercial Occupancy in CBD Improving

The May audit determined that 90.9 per cent* of commercial premises within the CBD core were occupied - the first time that this figure had exceeded 90 per cent since data collection commenced in 2012.

Greater Shepparton City Council Director Sustainable Development Johann Rajaratnam said “New food businesses are leading the way in increasing CBD occupancy. There has been a significant increase in new food businesses being registered with Council’s health department.”

“This is consistent with trends that are being observed in regional and urban areas as the food, restaurant and cafe sector continues to experience the highest level of growth within the retail industry,” said Mr. Rajaratnam.

Council undertakes an audit of commercial occupancy on a quarterly basis as a measure of the CBD’s performance and to observe trends in vacancy within specific precincts.

“Commercial vacancy within the CBD remains at a level that is higher than what is ideal however this finding is a step in the right direction for the Greater Shepparton CBD. There is still a lot of work ahead of Council and CBD stakeholders to make sure that the precinct remains a thriving and attractive place to do business. Collaboration between all those that make up the CBD will be crucial to achieving this,” confirmed Mr Rajaratnam.

*Audit identified a total of 59 vacant shops in total.