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Melbourne’s CBD Faces a New Challenge: What’s Next for Vacant Office Spaces?
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0 Views • Oct 25, 2024 • Click to toggle off description
With Melbourne’s CBD office vacancy rate at a record high, Team Wood has proposed an innovative solution—converting empty office towers into residential spaces. However, critics argue this could undermine Melbourne's reputation as a leading business hub.

How does Team Wood respond? They believe it requires a collaborative approach with private and government sectors to find sustainable solutions. This includes advocating for tax adjustments, such as reduced rates, land tax, and GST, to make key worker housing projects more viable and encourage private sector involvement. While office-to-residential conversions may help, Team Wood sees this as just one piece of the solution puzzle.

#melbourne #cityofmelbourne #theaustralian #melbournecommunity #freshstart #lordmayorofmelbourne #lordmayor #wearemelbourne #community #teamwood #independent #inspirepreneurmagazine
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Uploaded At Oct 25, 2024 ^^


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RYD date created : 2025-01-12T09:45:28.2541423Z
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