Melbourne’s St Kilda Road continues to be brought back to its former glory, with Colliers having secured food and beverage operator, Good Bean to 11 Queens Road within one week of being appointed. Good Bean already has venues across Malvern Central, Tooronga Village and South Yarra.
Colliers executive retail leasing, Thomas Macrae, who negotiated the deal, said, “Good Bean had been looking for an opportunity to secure a break into the location and the office lobby sector, benefitting from a captive audience in the above offices. The deal was signed within a week from Colliers’ being appointed, as the fully fitted 44 square metre space ticked all the boxes for the tenant, which has allowed them to quickly start operations.
“Lobby café operators have been feeling the pinch with limited office occupancy and lack of certainty on back-to-office numbers, reflecting their lack of confidence in these offerings when looking for new opportunities in the first half of 2023.
“We have seen more confidence in the latter part of the year in the St Kilda Road precinct, with businesses encouraging people back to the office, which is once again filling up the many office buildings along the strip, as well as the upcoming launch of the much-anticipated Metro Tunnel project.”