Gloves off: The battle to be named Sydney's most desired retail strip | msccummins
The gloves have been taken off as the battle to be named the most desired retail strip heats up between Sydney's George Street and Pitt Street Mall.and the new pedestrian zones, is taking the fight to its rival, with tenants jostling for space as a crowd of new entrants get set to move in over the coming year.
But as the core of the CBD at Martin Place developed with the GPO and then the MLC Centre, the surrounding streets came to life and overshadowed George Street. "There is also the TFE hotel being developed on the corner of Hunter and George Streets, a new boutique hotel with rooftop poolside dining." Mr Hudson said he is anticipating continued positive impact on rents due to the increased foot traffic and better connectivity between the core CBD and surrounding suburbs.
Mark Copus, head of retail analytics at CBRE, says George Street is reactivating as people warm to the new pedestrian boulevard running through the heart of the city, with CBRE’s Retail Analytics beginning to show the trends reshaping the city.
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