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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Maurice Winn who wrote (70379)9/15/2008 7:33:20 PM
From: Moominoid  Read Replies (1) of 74559
 
I'd thought the building boom here in Canberra had petered off, but a whole new round is getting underway with at least three cranes and two other major new building sites just getting underway in the CBD alone (this is a very decentralized city of 350,000 people). But there is quite a bit of empty shop and office space. I just noticed another long-time cafe on Garema Place had closed. Problem is that all with all the new development on the periphery of the CBD less people frequent the old core area.
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