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Concerns for businesses despite expected rise in Melbourne CBD’s population
City of Melbourne’s draft 2022-23 budget papers predicts 8,230 CBD businesses next year, down 10% on last year’s forecast
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Melbourne’s CBD population – and the number of parking tickets – is set to boom under projections by the city’s council, but the peak property industry group has warned that more needs to be done to get people back into offices.
The City of Melbourne’s draft 2022-23 budget papers, handed down on Tuesday, reveal expected revenue is forecast to increase by 13% to $538.7m, but the number of businesses operating in the CBD is projected to fall by more than 10%.
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Read the original article at The Guardian