Increased Vacancy Rates Create New Opportunities for Pop-Up Stores

According to global real estate group Jones Lang LaSalle more opportunities are available for start-ups as the number of retail spaces rises.

Apparently retail vacancies have risen to 4% in the 6 months to June 30^th and CBD spaces have been particularly hit with the average vacant rate rising from 5.4% at the end of 2012 to 6.7%.

Sydney has some of the highest retail rents in the world and yet its City Council recently announced a grants scheme to entice small businesses to set up in lower customer flow areas.