Street Level Activity Report Number 5 – July 2015

As of 1 January 2018, the management of the City Centre Marketing and Improvements Levy transferred from In The City Canberra to the City Renewal Authority. Views expressed in these articles may not reflect the views of the Authority.

This is the Fifth Street Level Activities Report produced by Canberra CBD Limited

It is disappointing to report that the vacancy at street level has again increased. In July 2014 it was 9.11% increasing to 15.9% in December 2014. A recent walk around has assessed the vacancy level to be 18.78%.

This figure is influenced by street level vacancies in new buildings still to be let on Northbourne Avenue and Mort Street in Braddon. Without these, the vacancy rate would be similar to December 2014. The reasons for vacancies are complex but it is assumed that empty desks in federal government leased buildings play a significant role.

View the report here