An iconic Sydney suburb is at risk of “dying”, as a growing number of vacant shopfronts take over.
One of Sydney ’s iconic streets has been “destroyed”, with one business owner claiming there are now so few visitors “you could lie down naked” in the middle of the road. Leichhardt in the city’s inner west, once the heart of the Italian Australia n community known for its vibrant and bustling restaurant scene , has been on a gradual decline since its heyday around the mid-2000s.
“It’s very, very, very hard in Leichhardt at the moment,” he said. “There’s a closed business every two to three months.” Over on King Street in Newtown, Amanda Fisher, the long-time owner of books and homewares retailer Pentimento, chose not to renew her lease, shutting in May last year.. “First important thing is the parking meters, we are the only suburb around here that still has parking meters, and that is affecting a lot of my business,” Mr Meduri said.“I would say it’s mainly the economy … people are having to be more conscious of money,” said Taylor King from Vintage Times, a jewellery store in the area.Locals say conditions are ‘very’ tough. Picture: news.com.au
He said the lack of convenient street parking had decimated foot traffic, leaving many quality businesses — which in any other suburb would see “lines out the front until 11 or 12 at night” — unable to bring in enough revenue to even cover rent and “that’s why there’s so many vacancies”.
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