THE RESURGENCE OF VINTAGE STORES IN FITZROY AND COLLINGWOOD: A COMMERCIAL LEASING PERSPECTIVE

In recent years, the vibrant neigh­bour­hoods of Fitzroy and Colling­wood in Mel­bourne, have wit­nessed a resur­gence of vin­tage stores. On a recent trip to New­town in Syd­ney we saw this trend was not only reshap­ing the retail land­scape but also influ­enc­ing com­mer­cial leas­ing dynamics.

The Vin­tage Revival

Vin­tage stores have always held a cer­tain charm, offer­ing unique, one-of-a-kind items that tell a sto­ry. How­ev­er, their resur­gence can be attrib­uted to sev­er­al factors:

Sus­tain­abil­i­ty: With grow­ing aware­ness about envi­ron­men­tal issues, con­sumers are increas­ing­ly turn­ing to vin­tage stores as a sus­tain­able shop­ping alter­na­tive. Buy­ing sec­ond-hand reduces waste and pro­motes recycling.

Nos­tal­gia: The allure of the past is strong. Vin­tage stores offer a nos­tal­gic jour­ney, allow­ing cus­tomers to relive or dis­cov­er the styles and trends of bygone eras.

Unique Fash­ion: In a world of fast fash­ion, vin­tage stores pro­vide unique pieces that stand out, cater­ing to those who seek indi­vid­u­al­i­ty in their wardrobe.

Impact on Com­mer­cial Leasing

The pop­u­lar­i­ty of vin­tage stores has led to a high­er demand for retail spaces and we are see­ing an uptick in enquiries from these types of businesses

Vin­tage stores attract both local and des­ti­na­tion shop­pers, togeth­er with mar­kets like Rose Street in Fitzroy, this ten­an­cy mix is a great exam­ple of the expe­ri­ence econ­o­my rein­forc­ing these sub­urbs as destinations. 

The resur­gence of vin­tage stores in Fitzroy, Colling­wood, and New­town is a tes­ta­ment to the endur­ing appeal of the past and the grow­ing demand for sus­tain­able, unique shop­ping expe­ri­ences. This trend is reshap­ing com­mer­cial leas­ing dynam­ics, pre­sent­ing both oppor­tu­ni­ties and chal­lenges for land­lords and store own­ers alike. As these neigh­bour­hoods con­tin­ue to evolve, the vin­tage revival is set to play a piv­otal role in their future.