High Street, Armadale economic profile
High Street, Armadale is one of Melbourne's luxury boutique retail, lifestyle, wellness, and fashion destinations.
Key economic indicators
- 25,500 people live nearby, and approximately 2,500 work in this precinct.
- 24 per cent of people are aged 25 to 34.
- A majority of the residents earn $1,250+ per week.
- There are 1,109 businesses at 92 per cent occupancy, with the biggest sector being retail.
- Residents of Armadale spent $132.6M locally in the Armadale precinct in 2021.
- Visitors to Armadale spent $243.3M in 2021.
Read the Place Activation Plan for Armadale or find out more about Armadale in the economic snapshot below.
Economic Snapshot
View the economic snapshot for April to June 2024 (Q2 2024) in the following image, or download the Q2 Economic Snapshot(PDF, 104KB).
Pedestrian activity data current as of 1 August 2024. Source: City of Stonnington Pedestrian counter 005. Spend data current as of 1 August 2024 and is subject to revisions. Source: Spendmapp by Geografia (2024). Vacancy data current as of January 2024 - 6 monthly review. Source: Vacancy Review, prepared by E3 valuations and commissioned by City of Stonnington.
Previous Snapshots