logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Australia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
Log In
  • Global Intranet
  • myCBRE
  • Services
    • Business Lines
      • Advisory & Transaction Services
      • Capital Markets
      • Global Workplace Solutions
      • Investment Management (CBRE Investment Management)
      • Property Management
      • Valuation & Advisory Services
    • Industries & Specialties
      • Agribusiness
      • Build-to-Rent
      • Building, Depreciation & Cost Consultancy
      • Government Real Estate Advisory & Transactions
      • Hotels
      • Industrial & Logistics
      • Office
      • Residential
      • Retail
      • Retirement & Healthcare
      • Sustainability
      • Flexible Workspace
    • Services for Investors
      • Debt and Structured Finance
      • Host
      • Institutional Investments
      • International Investments
      • Investment Accounting & Reporting Solutions
      • Structured Transactions & Advisory
      • Leasing & Advisory
      • Metropolitan Investments
      • Property Management
      • Property Sales
      • Recovery & Restructuring
      • Valuation & Advisory
    • Services for Occupiers
      • Facilities Management
      • Leasing & Advisory
      • Occupier Consulting
      • Portfolio Services
      • Project Management
      • Sale and Leaseback
      • Structured Transactions & Advisory
      • Transaction Management
      • Valuation & Advisory
      • Workplace
  • Properties
    • Agribusiness
      Hotels
      Industrial & Logistics
      Institutional Investments
      Metropolitan Investments
      Office
      Residential
      Retail
  • Research & Insight
    • Australia Research
      Asia Pacific Research
      Global Research
      Expert Opinions
      Talking Property Podcast
  • People & Offices
    • Pacific Executive Committee
  • About CBRE
    • [email protected] - LGBTQI+ Inclusion
      Careers
      Case Studies
      Client Tools
      Corporate Information
      Environmental, Social and Governance
      Investor Relations
      Media Centre
      Reconciliation
      The Place Makers

Previous

Press Release
Blue chip investment on Hutt Street

Next

Press Release
Tenant demand shifts from South Sydney to the south-west
  • Home
  • About CBRE
  • Media Centre
  • Fitness retailer muscles in on Subiaco’s The Colonnade

Fitness retailer muscles in on Subiaco’s The Colonnade

18 May 2015
  • Email
  • Share
  • Tweet
  • Share

Perth, 19 May 2015 – Fitness apparel and supplements specialist Muscle Arena has made its foray into bricks and mortar retail, trading a Fremantle popup shop and securing a prime spot at premium shopping centre The Colonnade in Subiaco.  

The Perth-based retailer has capitalised on the growing health market, building a strong business online and at stands at gyms and fitness centres, before opening its 133 sqm store at 388 Hay Street, Subiaco.

CBRE’s Craig Olde, who negotiated the five-year lease on behalf of Hawaiian, said the property’s location strategically positioned Muscle Arena to leverage off the neighbouring Goodlife Health Club in Subiaco.

He commented: “The health and fitness industry continues to be a powerhouse for the retail market, with the 24 hour fitness trend going from strength to strength, as well as a bourgeoning market for supplements, health foods and, more famously, fitness and leisure apparel as demonstrated by Australia’s own Lorna Jane.”

Mr Olde went on to say the deal was evidence of Subiaco’s resurgence one of the city’s most popular retail hubs.

“While Subiaco has gained some media attention due to difficult retail conditions, recent news has focused around development approvals of high profile residential developments,” Mr Olde explained.

“This along with a moderation of retail rental expectations has seen Subiaco repositioning towards a more competitive footing with the recent retail hotspots of Mt Lawley, Leederville, and even Victoria Park.”

“Gross rents are generally in the $700/sqm to $1100/sqm range for quality sites on Rokeby Road, and although there is much grapevine talk of slashed rents, typically this is for sites that have quirks or issues.”

Women’s fashion retailer Zuma Originals, Menchies Frozen Yogurt and one of Perth’s first 7-Eleven stores are among some of the stores that have opened on Rokeby Road recently, with Stimulatte on Hay Street also recently extending its trade to offer a Tommy Sugo dinner offer.

For Australian/international news or global stories, follow us on Twitter.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.​

  

 

 

 

 

Media Contacts

Kathryn House Headshot
Kathryn House
Communications Director
Pacific
+61 2 9333 3585
+61 402 465 440
  • Corporate Information
  • Corporate Responsibility
  • Media Centre
  • About CBRE
  • Careers
  • Case Studies
  • People & Offices
  • Executive Committee
  • Investor Relations
  • Contact Us
  • Australia Privacy Policy
  • Global Web Privacy and Cookie Notice
  • Whistleblower Policy
  • Sitemap
  • Terms of Use
  • LinkedIn
  • Twitter
  • Facebook
  • Instagram
  • Youtube