Panic engulfs leaders as vacant offices hulk across Melbourne

Advertisement

Melbourne’s CBD is in crisis as COVID-19 and the shift to working from home (WFH) has collapsed visitor numbers by an estimated 95%.

This has left office buildings empty and gutted surrounding businesses reliant on the people flow.

With business leaders and the Melbourne City Council concerned that WFH could become permanent, they have devised a plan to convert empty office space into apartments in a bid to revitalise the CBD:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.