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Emerging view strips had an average vacancy of 4.3 per cent. Yet Broadway has no empty shops or "for lease" signs even with annual rents of about $35,000. "I used to run petrol stations. There was a lot of drive-offs, a lot people not able to pay for their fuel," Mr Alan said. Now he sells Tattslotto tickets, gift cards and other knick-knacks in "one of those industries that have never gone belly up". Closer to the city centre, Knight Frank research shows the vacancy picture is much more patchy. Mortgage brokers Oak Laurel West End Prime strips such as Bridge Road and Chapel Street are in trouble with empty shops near all-time highs. At the same time, emerging retail strips such as Smith Street in Collingwood, Brunswick Street in Fitzroy, High Street in Northcote and Swan Street, Richmond, were booming amid population growth and a surge in new developments, Knight Frank's Paul Pellegrino said. Emerging strips had an average vacancy of 4.3 per cent, compared with 8 per cent across prime retail strips.
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