How offices can save the suburban shopping strip


Property veteran Simon D’Arcy may have found a neat solution for retail landlords battling record vacancy rates on suburban strips: turn them into design-focused offices for small businesses.

Mr D’Arcy, whose career has included stints managing commercial assets for Mirvac and Newmark Capital and as a leasing agent for Knight Frank, used a vacant shop he owned just off Chapel Street in Melbourne’s South Yarra – where more than one in five shops are empty –– as the pilot for his new venture, Cucumber Offices.

Full story in Australian Financial Review here