Melbourne’s 5 Best Shopping Precincts to Open a Retail Store

Melbourne’s 5 Best Shopping Precincts to Open a Retail StoreMelbourne is one of Australia’s best shopping destinations with an abundance of arcades, malls and precincts to tempt its residents and visitors. Opening a retail store is something that many people dream of doing, and deciding on a location is often the make or break decision. Making the right choice will depend on what products the store will sell, and what type of customer it will hope to attract.  Once you decide on one of these great precedents it’s a good idea to hire a shopfitting professional to create a workspace best suited to your business and clients or customers.

Harbour Town

This 41,000 square foot shopping facility opened in October 2008 in the Docklands area. Its 180 stores are laid out over two levels of laneways and are a mixture of specialty shops and factory outlets. There is a good mix of house-ware, fashion, jewelry and gifts available, often offered at deeply discounted prices. The buyers here will be looking for a good deal, so a store that caters to a budget minded clientele would probably fare best.

Melbourne’s GPO

Melbourne’s General Post Office is a beautiful neoclassical style building right in the heart of the city. After a fire in 2001, the building was renovated in 2004, and is now an arcade style shopping centre. The range of stores here is eclectic with a bias towards fashion. Although some of the shops here have lower priced goods, most are in the mid to up market range. Rents inside the GPO are high, but the local streets will offer a better deal, and are also very popular. The building is on most visitors’ lists of places to visit, so a shop catering to tourists could do well.

Chadstone

Also known as the “Fashion Capital”, Chadstone is Melbourne’s super mall. Its 530 shops make it the largest shopping centre in Australia, and up to 68,000 people visit the centre each day. Chadstone has a store for every budget, from top name designer labels to super economy discount stores. In addition to the retail offerings, the mall has two food courts, a 16 screen movie theatre and a bowling alley. A 180 room hotel is also planned as Chadstone continues to expand. Opening a store here would have the mixed blessing of very high traffic combined with tough competition. Without a big name, a store would need a niche or a unique attraction to stand out.

Queen Victoria Market

One of the most popular destinations in the city, the Queen Victoria Market has been Melbourne’s go to destination for gourmet produce for more than a century. Half of the market’s space is devoted to food; the other half offers a variety of clothing gifts and specialty merchandise, including a lot of handmade items. This is a classic open air market and is best described as teeming, with Sundays being particularly busy.

Collins Street and Collins Place

This is Melbourne’s answer to Bond Street, Fifth Avenue and Rodeo Drive. Here the stores boast top drawer designer names and sales are virtually unheard of. Rents are high, but the clientele have virtually bottomless pockets. If a retail store hopes to sell the very best merchandise at “if you have to ask you can’t afford it” prices, this is the place to be.

Daniel Lewis when he isn’t working for one of the best shopfitters in Australia he likes socializing, meeting new people, and trying new cuisines.

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