Small Business is Big Business in Unley
|29 July 2010
Local businesses booming in Eastern suburbs
The City of Unley is working with its five Main Street Associations to consolidate the area's position as Adelaide's most desirable retail location.
The commercial vacancy rate of major roads within the City of Unley has shown a considerable decrease since the 2008/9 financial year that was impacted by the global financial crisis.
Glen Osmond Road saw a large decrease in their vacancy rate dropping from 11.2 % in 2009 to 6.3% in 2010. King William Road also reduced their vacancy rate from 7% in 2009 to 4.8% in 2010.
The exception to this trend is Goodwood Road which recorded a vacancy rate increase from 4% in 2009 to 5.4% in 2010. This represents an additional three vacant properties in comparison to the previous year.
Over the next three years, the City of Unley aims to reduce vacancy rates, strengthen its retail precincts, improve pedestrian, bicycle and parking access, and encourage the further development of business owners management skills.
The Council is also working with investors to create "a tapestry of local communities" weaving around its main street and shopping precincts to boost trade and preserve the cosmopolitan atmosphere of the mostly residential area.
Earlier this year, The Glen Osmond Road Precinct Association and the City of Unley hosted a series of 'placemaking' workshops. Placemaking aims to turn public spaces into places; to create places which engage those who inhabit them. It's about making Unley a great place to live, play, work and shop.
Mayor Richard Thorne said it is important to recognise the small business sector and the role it plays in the local economy.
"The City of Unley is building on the energy and initiative of local businesses to spur economic growth and employment."
"Local government can play an important part in encouraging investment in their communities."
Erin Feneley - Communications Officer - City of Unley
Ph (08) 8372 5120