Not sure if this might be better classified as a gear grind, but this thread is for talking about the city we live in.
So, walking through Newtown on Monday and i was pretty stunned by the amount of shops closing permanently, presumably due to leases expiring at end of year. It’s just the numbers of places with these signs which seemed way out of whack to me.
Anyone out there able to comment on whether this is a pretty standard rate of closures, or is it an example of spiralling rent increases which will further speed the Town’s inexorable march into a conformist retail strip with more of the same vanilla franchises as everywhere else in the world?
This applies to the main drag - I didn’t pass through the southern end, which from recent visits still has a lot of interesting stuff going on.