More likely that office block owners are the upset ones.
Looks like these businesses will just have to adapt to the market like the rest of us. Love how it’s always capitalism for thee but not for me with these types.
At a time when they’re ramping up interest rates to fight inflation you’d think they’d be happy to have people working from home, driving less, eating out less, and supporting their local community businesses.
Of course that’s if they were rational.
It would be nice to see it encourage more local business growth to cater to the transition to WFH. Though that would be more food outlets than retail.
if the cbd dies so be it. i mean they will have to re-adapt. The CBD for me feels more touristy and more student life. i used to stay there over lockdown sure a lot of businesses have close down as well but those who adapted are thriving.
CBDs could go along with the revolutionary concept of making themselves liveable. Now I know that this is sci-fi but hear me out. Some people would like to live near CBDs because of the culture. More residents = more customers.
This is totally dumb, but it just re-clicked in my head that CBD stands for central business district. No wonder these places are so soulless; our inability to have liveable cities is even in the name we give these areas!
How did those that are thriving adapt?
How about national or state programs/incentives to convert empty or under utilised CBD office spaces and buildings to affordable housing?
go towards online. and do a hybird.
bruce djite is executive director of the SA property council now? weird. and disappointing.
@quasar
Thanks for sharing. I’ll look for the ABC articles later.Retail is already dying because people like online shopping and the convenience it brings. It’s also generally significantly cheaper.
CBD retail stores need to adapt to the changing world.
