Darling Street buzzing again

Darling Street buzzing again
Darling Street buzzing again

The Darling Street retail strip which runs through Rozelle and Balmain is back in business, according to Ray White Commercial Inner West.

Ray White Commercial Inner West Principal Tim Morrison said the agency has leased more than 20 shops in Balmain and Rozelle so far this year and the precinct is thriving once again.

“Balmain is back,” he said.

“After a few years of a large number of vacant retail premises, there has been a significant turnaround this year in Darling St.

“We have leased more than 20 properties so far this year which is the most active I have seen the leasing market in Balmain for many years with virtually no vacancies."

 

Tim said a variety of businesses had set up shop in Darling Street this year, with IT companies, barbers and hairdressers, food stores, clothing outlets, music shops and a number of bars moving in.

He said one of the reasons for the Darling Street revival was some local council initiatives such as easing parking restrictions for shoppers.

“There has certainly been some recognition from council that the precinct was in need of some assistance,” he said.

Tim said easing rental prices and incentives had also helped to attract tenants.

“Darling St is a busy retail strip again with high pedestrian and vehicular traffic and it will always be a popular area being close to the Sydney CBD with quick and easy access to the major commercial hubs along Victorian Road and City West Link,” he said.

“We have investment opportunities available offering highly attractive yields.”

Tags: 
Commercial Property Commercial Market

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