Gentrification driving revamp of retail strips

By Nicole Lindsay
Updated May 27 2015 - 12:13am, first published 12:00am
122 Smith Street, Collingwood, fetched $1.79 million at auction last week. Photo: Supplied
122 Smith Street, Collingwood, fetched $1.79 million at auction last week. Photo: Supplied
122 Smith Street, Collingwood, fetched $1.79 million at auction last week. Photo: Supplied
122 Smith Street, Collingwood, fetched $1.79 million at auction last week. Photo: Supplied
122 Smith Street, Collingwood, fetched $1.79 million at auction last week. Photo: Supplied
122 Smith Street, Collingwood, fetched $1.79 million at auction last week. Photo: Supplied

Gentrification is driving the revival of some of Melbourne's retail strips, while others continue to stagnate under the weight of high rents and a homogenous tenancy mix.

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