Best Melbourne Suburbs for Retail Stores (2026)

Best suburbs for retail in Melbourne

Top Melbourne suburbs for independent retail — engine scores for demand, tourism, and competition density.

Melbourne retail splits cleanly between mall-dominated corridors and strip retail that still rewards independent operators. Chadstone and Highpoint consolidate mid-market spend; the viable independent play sits on Smith Street, Chapel Street, Burke Road, and Brunswick’s lifestyle strips where customers browse by habit.

Foot traffic quality matters more than volume. A strip with 2,000 daily pedestrians who shop local beats a car-dependent centre with higher counts but no destination intent. Scores below rank suburbs by retail engine output — demand, rent pressure, tourism, and competition density.

Sorted by retail score.

#	Suburb	Recommendation	Score	Demand	Rent	Competition
1	Fitzroy	PROCEED	82	10	4	3	Open guide →Suburb →Intel →Analyse
2	South Yarra	PROCEED	72	10	7	5	Open guide →Suburb →Intel →Analyse
3	St Kilda	PROCEED	72	9	6	5	Open guide →Suburb →Intel →Analyse
4	Richmond	PROCEED	71	9	5	4	Open guide →Suburb →Intel →Analyse
5	Collingwood	PROCEED	70	9	5	6	Open guide →Suburb →Intel →Analyse
6	Carlton	PROCEED	70	9	5	5	Open guide →Suburb →Intel →Analyse
7	Prahran	PROCEED	70	9	6	5	Open guide →Suburb →Intel →Analyse
8	Brunswick	PROCEED	69	9	4	5	Open guide →Suburb →Intel →Analyse
9	Preston	PROCEED	67	8	3	4	Open guide →Suburb →Intel →Analyse
10	Footscray	PROCEED	67	8	3	4	Open guide →Suburb →Intel →Analyse
11	Northcote	PROCEED	66	8	4	5	Open guide →Suburb →Intel →Analyse
12	Camberwell	PROCEED	66	8	4	4	Open guide →Suburb →Intel →Analyse
13	Hawthorn	PROCEED	64	8	5	4	Open guide →Suburb →Intel →Analyse
14	Box Hill	PROCEED	64	8	3	6	Open guide →Suburb →Intel →Analyse
15	Southbank	VERIFY	64	8	8	6	Open guide →Suburb →Intel →Analyse
16	Pakenham	PROCEED	64	7	3	3	Open guide →Suburb →Intel →Analyse
17	Melbourne CBD	VERIFY	63	10	9	8	Open guide →Suburb →Intel →Analyse
18	Williamstown	VERIFY	63	6	5	4	Open guide →Suburb →Intel →Analyse
19	Yarraville	VERIFY	63	7	4	4	Open guide →Suburb →Intel →Analyse
20	Werribee	VERIFY	62	6	3	4	Open guide →Suburb →Intel →Analyse
21	Narre Warren	PROCEED	62	7	3	4	Open guide →Suburb →Intel →Analyse
22	Berwick	PROCEED	62	8	4	5	Open guide →Suburb →Intel →Analyse
23	Truganina	PROCEED	62	8	4	5	Open guide →Suburb →Intel →Analyse
24	Frankston	VERIFY	61	6	4	5	Open guide →Suburb →Intel →Analyse
25	Moonee Ponds	VERIFY	61	7	5	5	Open guide →Suburb →Intel →Analyse

Compare top contenders

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Top 10 retail by suburb — Melbourne

Google Places snapshots for the highest-scoring Melbourne suburbs — top retail stores ranked by success score (rating, review volume, prominence). Study incumbents before you sign a lease.