Cameron Brewer, chairman of the Auckland Council's business advisory panel, is dismayed at the proliferation of "little shoeboxes selling absolute rubbish" on Queen St. "Whatever happened to the Golden Mile?" he asked last week.
Aucklanders have to be getting on in years to recall when Queen St was called the golden mile. Suburban sprawl and shopping malls sent the street into decline more than four decades ago. But the trend that Mr Brewer notes is much more recent. Tiny shops stocked with cheap goods have replaced much of the stylish retailing that survived until recently.
He suspects this is not simply the market at work; immigration policy might be contributing. They may be an investment made to meet the requirements of a visa rather than a sustainable business, he said. He wants the council to intervene in the name of urban design, possibly imposing a minimum size for shops, as it did for residential apartments about 10 years ago.
It is always dangerous to judge the value of other people's investments. These "shoebox shops" are in many cases owned by Asians, leased to Asians and probably selling to Asians. Owners can get weekly rent of around $1000/sq m for a small shop, compared with $200/sq m for a larger store.
Asian retailers may be accustomed to paying $4000 a week for prime sites in cities where a million people pass their door every day. Queen St is not exactly packed most days of the week but these days a high proportion of the passing foot traffic is Asian and young, mainly students. The shops probably know their market.