Sunday 16 August 2015

Collins St Becomes Luxury Mecca

The list of international luxury brands heading for Melbourne's Collins St. Is impressive - Hermes, Dior, Longchamp, Gucci, Dolce & Gabbana, Ermenegildo Zegna, Coach, TAG, and Christian Louboutin.

According to CBRE this trend is largely driven by Melbourne's growing tourism industry as the lower Australian dollar makes luxury buying more affordable for international visitors.

Collins St. landlords a enjoying record rents as vacancy rates remain close to zero and the attraction of Collins St. spreads beyond the traditional Paris end. CBRE says that in return many of the internationals are recording impressive turnover figures.