First Rich, then Lush, and now Venus and Mars: three prominent fashion shops have closed or are soon to do so. In a recent article about Gertrude St the Leader notes, according to a realtor, that rents are ‘not rising faster in Gertude St than neighbouring Brunswick or Smith streets.’
The number of closures on Gertrude and Brunswick streets suggests that this is the case – that Gertrude and Brunswick streets are becoming equally unviable. In contrast, Smith St continues to improve. Perhaps rents there, while rising, started from a lower level and are thus still affordable.