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Average rent down in Victoria

Victoria’s retail sector has received a positive report from Savills, in its latest survey “National Retail Quarter Time”. The report reveals that movements in rents varied considerably across the different centre and tenant types in Victoria, with notable revisions to recorded rents across regional, sub-regional and neighbourhood centres. “While supermarket rents across all centre types remained stable, we saw rents move down for discount department stores in sub-regional centres to an