Suburban high streets drive ahead as CBD struggles

Adelaide’s suburban shopping strips continue a strong recovery from the pandemic downturn with demand growing for shopfronts on The Parade and Prospect Road while the CBD lags behind, according to a new study.

JLL’s latest Adelaide Retail High Street Overview measures the percentage of empty shopfronts along seven of Adelaide’s most prominent retail strips.

The real estate company’s first quarter report for 2021 shows shop vacancies in Adelaide suburbs have dropped two percentage points to 7.3 per cent over the last six months.

JLL says it’s the lowest suburban vacancy rate it has recorded in Adelaide since early 2016.

Read More: https://indaily.com.au/news/2021/07/14/suburban-high-streets-drive-ahead-as-cbd-struggles/