Market Update | High Street, Armadale

Armadale’s High Street has undeniably solidified its position as one of Melbourne’s most coveted retail destinations.

Situated merely 7 kilometres east from Melbourne’s CBD, the thriving retail strip boasts an established presence, featuring an array of high-end retailers, wine bars and casual eateries.

DIVERSE RETAIL THRIVES LOW VACANCIES.

Unlike other retail strips, High Street Armadale stands in its own league, with a remarkably low vacancy rate of only 3.6%. This tightly-held nature is attributed to its diverse mix of businesses, including upscale luxury brands such as Scanlan Theodore and Viktoria & Woods, as well as popular hospitality operators like Fishbowl and Lune Croissants.

This surge in success is set to fuel steady capital growth for property owners in the vicinity. With prominent brands flocking to the retail strip for tenancy or ownership, the area continues to magnetise affluent residents with considerable spending power.

The recent sale of a corner retail property at 1143 High Street, Armadale, for $2.25 million following a successful leasing campaign underscores the strong demand for properties in this area. Garnering 45 enquiries and attracting multiple lease offers within just two weeks of the campaign’s launch, it is clear that both tenants and buyers are eager to seize opportunities along the strip.

TALK TO US.

Aston manages a number of commercial properties along the strip and has assisted many of the owners and tenants with their property journeys.

With High Street, Armadale safely ranking as one of Melbourne’s top retail and hospitality strips, there is no better time to secure your own slice of commercial excellence.

Whether you are looking to lease, buy or sell, we are here to assist you with your requirements.

For a confidential property discussion, get in touch with our team.

D'Andra Rao (Agency Executive - 0404 116 900).