Is now a good time to open a business in Surfers Paradise?

By Greg Bell

Have you been sitting on a business idea for a while, waiting for the market to get good before you leap into the venture? That's probably a smart business move. Nothing tanks a business faster than opening up shop during a slow market – starting a bakery during a grain shortage is ill-advised.

Good thing the Surfers Paradise neighbourhood is not a slow market! If you're thinking about starting a business in the Gold Coast, don't hesitate. 

Even more tourism is coming to Gold Coast 

Well, let's face it, tourism around the Gold Coast has almost always been good. Just last December, the region smashed a record one million international tourists in a year for the first time, reported the 2016 International Visitor Survey. 

This record was even before the excitement of the upcoming Commonwealth Games that are coming to the area next April! This massive event is going to usher in more than 6,600 athletes and team officials from all over the world, reports the Department Of Tourism. And that's not even mentioning all the spectators coming to the area to cheer on their favourite sport.

There's almost no better time to open a business

With all that tourism coming, what could possibly be stopping want-to-be business owners from setting up shop in Surfers Paradise? Oh yes, probably the fear of high rent in the commercial properties. But think again!

The Gold Coast Bulletin just reported that a new Surfers Paradise pop-up is boasting some the cheapest rent to support start-up businesses in the Gold Coast. This boardwalk space charges a mere $1,000 for a sixth of 93 square metre store – spaces like these typically go for anywhere from $3,000 to $9,000 a square metre a month, according to the source. 

It's an amazing deal for any new business owner. Opportunities like this don't always come up but, with the right guidance, you can find an equally good location for an amazing price in the Gold Coast as well. Of course that might be easier said than done, and that's where we come in.

Need help finding a commercial space for your business? Talk with the experts here at Ray White Surfers Paradise. Our team will help you find a Gold Coast property in a location that is perfect for your business venture – we'll make sure of it! Contact our team today. 

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