Business
‘It is bad out there at the moment’: Thousands of CBD shops closed or vacant – The Age
More than one-quarter of Melbourne’s CBD shops are either closed or vacant. New figures lay bare the scale of the economic pain brought by successive COVID lockdowns….
Of the 28 per cent of city businesses that have shut their doors, half of those are vacant. Across the CBD, an estimated 2000 businesses are either closed or empty, leaving thousands out of work.
“This is an economic crisis which has very real consequences for the people of our city,” deputy lord mayor Nicholas Reece said.
“It is bad out there at the moment. We need in extraordinary times to be taking extraordinary measures.”
Before the pandemic struck, an average 911,000 people travelled into the…
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