Please note: this is an archived news article release
This article was published on Wednesday, 24 January, 2018. The information contained within may be out of date or inaccurate.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.
Posted on Wednesday 24th of January, 2018,
The Shepparton CBD vacancy rates continue to reduce with a one per cent decrease over the last four months according to an audit conducted by Council’s Economic Development department in December 2017.
Greater Shepparton City Council Director Sustainable Development Geraldine Christou said “there are currently 47 shops vacant within the defined CBD area, which is down six shops from the last audit conducted at the end of August 2017, where 53 vacancies were recorded.”
“The street with the greatest change in vacancy rates was Wyndham Street with a number of sites being leased for office space.”
Ms Christou said the decrease in CBD vacancy rates is part of a long term trend. “In 2016 the vacancy rate was 12.5 per cent, now it is 7.2 per cent.”
“The lowering of the vacancy rates indicates confidence in Shepparton’s CBD as a place to invest,” said Ms Christou. “We are seeing a gradual change in the variety of shops on offer with a greater mix of food providers which attracts more people to the CBD.”
“This is consistent with trends being observed in regional and urban areas as the food, restaurant and cafe sector continues to experience a high level of growth within the retail industry,” said Ms Christou.
Ms Christou said the Economic Development department at Greater Shepparton City Council will continue to work closely with prospective investors in the CBD area to attract new business.
“Having a good mix of retail and commercial operators in the CBD will enhance the experience for people coming to the precinct. Long term, Council would also like to see growth of accommodation in the CBD to encourage more activity and life into the area. More people living in a central area -results in more demand for services and products which leads to more business.”
More News from Greater Shepparton
Friday 24th of April,
Boot Swap almost here supporting local families and players this sporting season
Greater Shepparton City Council is reminding the community that the Boot Swap is fast approaching, giving local families a simple way to access sporting gear and help more young people stay involved in sport. Read more
Friday 24th of April,
Community urged to have their say as MDBP review shapes Greater Shepparton’s future
Greater Shepparton City Council is urging residents, businesses and community groups to have their say on the Murray–Darling Basin Plan (MDBP) review, warning the outcomes will have long term impacts well beyond agriculture and will influence everyday… Read more
Thursday 23rd of April,
Community voices highlight growing pressure on essential services in Greater Shepparton
Greater Shepparton City Council is reinforcing its State Budget advocacy, highlighting the growing pressure local residents, workers and businesses are experiencing as demand for essential services continues to outpace investment. Read more
Tuesday 21st of April,
Budget commitment marks progress for Shepparton rail services
Greater Shepparton City Council has welcomed the Victorian Government’s budget commitment to increase train services on the Shepparton line, following sustained advocacy by Council since 2023. Read more
Monday 20th of April,
Massive week of BMX in Greater Shepparton
Greater Shepparton City Council has wrapped up another massive week of sport, with the 2026 GWM BMX Racing National Championships concluding on Saturday 18 April. Read more
Friday 17th of April,
Greater Shepparton secures headline BMX Racing event ahead of Olympic Games
Greater Shepparton City Council is pleased to announce that Shepparton will become the focus of international BMX Racing when it hosts two rounds of the UCI BMX Racing World Cup in 2028. Read more
See All News
Want to get the latest news and events in your Facebook feed?
Just go to our Facebook page and click the Like button.
More Events in Greater Shepparton
Wednesday 29th of April,
After School Creativity Club at Shepparton Library - Craft Activity
Drop in after school to join in the fun! Read more
Tuesday 28th of April,
Bereavement Peer Support Group - Monthly Walk & Morning Tea
GV Hospice and Shepparton Library warmly invite you to our monthly Bereavement Peer Support Group. Read more
Monday 27th of April,
Connecting with the Past at Shepparton Library - Guide to the State Library of Victoria Resources
Want to discover more about your ancestors and build your family tree? Join library staff as they take you on a journey to discover your family’s history. Read more
Friday 1st of May,
CANCELLED: Dion and Randall International presents Shake Rattle 'n' Roll
Dear Valued Patrons Due to circumstances beyond our control, the performance of Shake Rattle ’n’ Roll scheduled to perform on Friday 1 May 2026 will not be proceeding. Riverlinks and Shake Rattle ’n’… View on Riverlinks
Thursday 30th of April,
Macrame Wall Plant Hanger Workshop at Shepparton Library
Join us After Dark and make your own macrame plant hanger. Read more
Tuesday 28th of April,
BeConnected Presentation at Shepparton Library - How to Use Government Websites
Online one-hour presentation. Read more
See All Events