SUBIACO: Open for business
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Acknowledgement of Country The City of Subiaco would like to acknowledge the Traditional Owners of the land, the Whadjuk people of the Noongar nation and pay our respects to Elders past, present and emerging. We recognise the contribution the Whadjuk people have made and continue to make to our culture and in our community. We will continue to seek the input of the Traditional Owners. All images belong to the City of Subiaco unless otherwise stated.
A Growing City VIBRANT LIVEABLE CITY A vibrant city with a village feel and a rapidly growing residential base (forecast 11.5% over 3 years) and economy (15% over 3 years). EMERGENT CITY Over $1 billion in investment is committed over the next 3 years leading to approximately 3,500 new workers, hundreds of new businesses and an estimated 6,500 new residents. BUSINESS FRIENDLY CITY A local Council who is flexible, easy to work with and supports a growing city. WELL CONNECTED CITY Over 22,500 people utilise the extensive rail and bus network daily. The new Forrestfield rail link will connect Subiaco to a further 20,000 airport travellers daily. SUSTAINABLE CITY A city with leading sustainability policies for a friendly, green and healthy environment. SMART CITY A city that uses technology to drive economic activity with a highly educated workforce and growing importance on knowledge and creative-based industry. 1
Contents Major Projects 3 Advantages of Doing Business in Subiaco 6 A Glimpse at Subiaco Industry 9 Health and Health Services 10 Professional, Scientific and Technical Services 12 Education 14 Retail, Food and Hospitality 16 Night-Time Economy 17 Arts and Recreational Services 18 Subiaco: Supporting You and Your Business 20
Major Projects By 2023 a number of major projects will be completed that will contribute to growth in Subiaco, providing benefits to residents, local businesses and employees alike. SUBI EAST REDEVELOPMENT Subi East will be one of the most significant urban redevelopment projects in Perth, involving the rejuvenation of 35.6 hectares of land into a thriving and connected inner-city hub. 2021 project commencement 2,000+ housing options 3,500 additional population $20m - $50m projected expenditure 1,400 - 2,000 projected workforce Source: LandCorp THE MARKET PAVILION The development includes three new buildings with apartments, office, retail, a market hall and a public open space. It is planned for approximately: 240 new apartments 50 commercial spaces 50 retail and food spaces 800 - 1,000 new residents 150 - 275 additional workers Source: Blackburne 3
SUBIXO The development will include the Park Regis Hotel which is the only hotel in Subiaco located just 10 minutes drive from Perth CBD and the city beach with well-appointed guest rooms and superb conference facilities. SubiXO also has major Source: Staywell Group commercial premises with tenants such as Channel 10, IInet and Mining Resources already confirmed and a Multiscreen Cinema Complex. 2019 hotel opening 168 guest rooms 250 hotel workers $6.1m additional tourism expenditure 1000 commercial workers INNER CITY COLLEGE The school will be a major drawcard for families and businesses given its innovative and imaginative curriculum for talented students, reducing the need to pay private school fees for quality education. 2020 school opening 2,000 students capacity 95 additional workforce increased housing demand in the area Source: Department of Education 4
FORRESTFIELD AIRPORT LINK The Forrestfield airport line will link Subiaco to the geographic areas of Inglewood, Bayswater, 2021 project completion Redcliffe and Forrestfield and 100,000 wider Perth local residents. The link will stimulate tourism as 20,000 passengers per day (by 2022) over 40% of travellers into Perth stay outside the 29,000 passengers per day (by 2032) CBD. Source: Metronet SUBIACO CULTURAL SPACE The City is advocating for a Cultural Space as part of the Subi East redevelopment. This will honour the sporting, cultural, and heritage significance of the site. ST JOHN OF GOD SUBIACO EXPANSION St John of God Subiaco hospital is currently developing a site master plan for the hospital expansion, which includes extra parking, operating theatres, single rooms and consulting suites as well as a dedicated research facility. Source: City of Subiaco 5
Advantages of Doing Business in Subiaco 1 The City of Subiaco is consistently achieving high levels of economic performance with a stable 5% growth in Gross Regional Product projected to reach $5.5b by 2022, not including current major projects impact. 2 Ideally located adjacent to the Perth CBD, Subiaco has a high-quality mix of medium to high density residential areas with a large, highly skilled workforce of 28,700 persons and excellent public transport access. 3 A projected population growth of almost 25% by 2036 to 22,500 (not inclusive of the latest major projects impacts) ensures Subiaco will continue to be an exciting place to do business. 4 Subiaco is the home to, and surrounded by, major health and professional services, education infrastructure, a highly developed mix of food and beverage businesses, innovative and creative industries and a new major cultural space. 5 Subiaco has a strong base for economic development and investment with a recent growth in business numbers of between 7.5% to 12%, in many cases above Western Australian averages. 6 Subiaco residents and local businesses will soon have a direct link to the airport via the new Forrestfield airport line that is forecasted to carry around 20,000 passengers daily. 7 The Subiaco Economic Development team understands the needs of local businesses and works with business owners to guide the City’s economic development strategies through our Economic Development Plan 2017-2022 and associated plans. 8 Active support is provided to local businesses through Subiaco’s Business Concierge, pro- business policies, industry support, networking opportunities and a range of economic development actions. 6
Gross Regional Product: Future direct train line to $4.6 billion Perth Airport with 20,000 passengers daily 5% Consistent growth in GRP 4,739 Projected population in 2036: Businesses 22,500 7.5% - 12% (Economy ID) Average industry growth Average development approvals totalled Free alfresco Pro-business $160 million p.a. dining parking over the past five years permits policies 7
MAJOR PROJECTS IN SUBIACO Subiaco Activity Centre Inner Subi East Forrestfield Airport City College Redevelopment Link Connection Largest office centre outside of CBD St John of God and West Perth Subiaco Hospital Retail and hospitality hub West Leederville Subiaco Private 5 minutes to Perth Hospital CBD by train Perth Modern Subiaco School Future Market Roberts Rd Pavilion Subiaco Oval future Hay St development and New Park Subiaco Cultural Regis Hotel PMH Site future Space development King Edward Memorial Hospital SU BIACO Rokeby Rd King s Pa Hamersley Rd rk R St d as om Th CITY OF SUBIACO PROJECT LOCATION BY SUBURB Wembley West Leederville City of Subiaco Floreat Nicholson Rd JO L IMO N T Hay St S U BI ACO West Perth St Rokeby Rd as DAGL IS H om Kings Park Th and Botanic Garden Kings Park City of Nedlands Nicholson Rd Legend S H E N TO N PA R K Major Projects Fremantle Hospitals ~16km Schools Train Station 8 Perth Children’s Hospital
A Glimpse at Subiaco Industry HEALTH AND HEALTH SERVICES PROFESSIONAL, SCIENTIFIC AND TECHNICAL SERVICES EDUCATION RETAIL, FOOD AND HOSPITALITY NIGHT TIME ECONOMY ARTS AND RECREATIONAL SERVICES 9
Health and Health Services Subiaco is a significant hub for the West Health and Health Services is a strong growth Australian health industry. Three Major sector predicted to expand by 8% per annum hospitals, health promoters and supporting from 2020 to 2025, following $102b Federal industries are located within or adjacent to our budget increase, of which Western Australia borders, providing significant opportunities for will be allocated over $500m and demographics health and related businesses. drivers. Subiaco has over 450 businesses in this sector King Edward Hospital of which 142 are medical practices and day surgeries. Between 2017 and 2018 the number St John of God Subiaco Hospital of businesses has increased by around 6%, Subiaco Private Hospital contributing to over 536 new local jobs. Some of the major health influencers located within Subiaco include: 10
$986m Industry value (5.3% of WA value) 3 Major hospitals 450 Health businesses 142 Medical and day surgeries 7,060 Workers (4.5% of WA sector employment) 11
Professional, Scientific and Technical Services Subiaco is home to a cluster of Professional comprising 20.8% of all businesses, compared Services with 30% of total employment in to 11.8% in Western Australia. The sector industries such as accounting, architecture, employs 4,600 people which represents 18.3% property, finance and other professional and of Subiaco total workforce. scientific services. Subiaco has comparative strengths in this sector by offering competitive In 2017 - 2018, the City of Subiaco contributed rental and collaborative work spaces, strong 5.3% to Western Australia’s Professional, network of fellow businesses and access to Scientific and Technical Services employment strong clusters of potential clients. and 5.8% of its total value added. This sector is projected to grow by 2.7% per annum. The Professional, Scientific and Technical Services industry has the largest number of total registered businesses in the City of Subiaco, Key professional services businesses and industry associations located within Subiaco include: 12
Subiaco’s central location provides local Significant development has occurred in the businesses with access to a substantial client vicinity of the Subiaco City Centre, providing base just minutes from the CBD. Employees A-grade office space within a close proximity of have several transport options to and from Subiaco train station. Subiaco City Centre also Subiaco with four train stations, eight bus provides a cluster of businesses and offerings to routes, proximity to the freeway and over support all new business investment. 11,500 parking bays available. 200,000m2 4,600 Office space Employed in professional services 90,000m2 900 Businesses (Perth City: 2,000, Nedlands: 670) A and B grade office space 50% Collaborative working spaces Of professional services located within 500m of the Subiaco City Centre Business sponsorship and regular business events Flexible floorspace usage regulations 13
Education Education is projected to experience a significant growth with an increase in an annual $130m Industry Value growth rate from 3.6% to 9.6% per annum by 2020. The sector currently employs around 1,000 workers that represents 3% of the total workforce in Subiaco and contributes $130m to the Subiaco economy. 970 Employed in education Subiaco is home to several significant education providers, and opportunities for support businesses in the sector are likely to increase 5,400+ Current and future high school students with the opening of the Inner City College specialising in STEM subjects in 2020. These services include after school care and activities, The City is open to potential tutoring and special educational support, student accommodation, education speech therapy, counselling and other specialist services and associated services services. The close proximity of the University of projects Western Australia also provides opportunity for the student focused strategic developments. Four bus routes connecting to UWA 14
Source: City of Subiaco Inner City College Catchment Area GLENDALOUGH MT HAWTHORN LEEDERVILLE Inner City College WEST LEEDERVILLE Perth Modern School NORTHBRIDGE SUBIACO WEST PERTH 15
Retail, Food and Hospitality Retail and food industries have always been a The City of Subiaco has proactively supported point of difference for Subiaco. The City Centre the Retail and Food sectors through: is ideal for retailers with access to a high income • Providing free alfresco dining permits residential population, a large workforce, and significant foot traffic generated by commuters • A flexible change of land use policy and visitors. With significant projected • Improving wayfinding and promotional population growth Subiaco will continue to material to guide foot traffic provide food, retail and night-time economy operators with an ideal environment to run their • ‘See Subiaco’ destination brand that businesses. includes events, advertising and promotion of local businesses Since 2016 retail and food/accommodation • A local event portfolio attracting over has grown by an average of 4.3% per annum 100,000 visitors per annum, generating against Western Australian trend of 3.8% per approximately $9 million in visitor spend annum. • Working directly with local businesses to encourage local participation 22,500 3,775 Local workforce customers and Employed in retail, food and 8,000 residential households accommodation 18,000 Higher frequency trains and planned direct link to airport Approximate residential population Projected population growth of Second highest residential density of State LGAs 25% by 2036 (Economy ID) 16,500 Public transport passengers per workday 16
Night-Time Economy According to the ABS Night Time Economy Analysis Report, Subiaco, unlike many of 9% Perth Inner Perth Suburbs has a key array of Of total employment in core current and future venues that support night night-time economy time activity including theatre, cultural and 60% food/drink venues that have a strong return of investment. Supporting this is a specific local and worker demographic that has Of the population are Millennials strong psychographics for socialisation and and Babyboomers night time activity. The service age profile for Subiaco demonstrates a strong Millennial and Babyboomer demographic profile representing 5,000 over 60% of the local population and over Households tend towards night- 5,000 households in 2018 which lends itself time activity towards socialisation and night-time activity. Subiaco Greater Perth 25 Percentage of population 20 15 10 5 0 Babies & Primary Secondary Tertiary Young Parents & Older Empty nesters Seniors Elderly pre-schoolers schoolers schoolers education workforce home builders workers & retirees aged 17
Arts and Recreational Services Subiaco is fortunate to have an established Subiaco also has digital and creative clusters creative and cultural sector with two theatres of co-working spaces which is driving small (The Regal Theatre and the Subiaco Arts Centre) business to grow and develop such as and a new multi- screen cinema complex Ampersand Collective with their network and opening in 2019/20. Visual links to the City’s DIGITAL Collection and Knowledge Collective. history is clearly evident in the heritage street fronts lining our two main streets, adding to the The City also provides free community public sense of place that differentiates Subiaco from art curation services that are available to local the CBD. businesses. This creative and cultural infrastructure The sector achieved $116m in sales for 2018 has attracted significant employment in with an industry growth of 3% per annum, and creative industries including radio, media and has a workforce of 743 persons - an increase of performing arts. The sector has 51 businesses 100 since 2016. including market leaders of APRA, Subiaco Creative and cultural industries create vibrancy Arts Council, Stage Door, Regal Theatre, Art and activation in the City Centre which will be Collective, Arts Festivals, Subiaco Museums as supported by the advocated Cultural Centre as well as clusters of media outlets of Channel 10, part of the “Subi East Development”. Nova and Student Edge. 18
Regal Theatre: $116m 110,000 Industry sales attendees per annum Subiaco Arts Centre: 3% 21,000 Industry growth per annum attendees per annum 740 14% Employed Of total employment in creative and cultural sector 2019/20 Regis Cinema Complex opening 9 Fringe venues and 19 Fringe events in 2019 Advocated Cultural Space Advocated Cultural Space Roberts Rd Hit 92.9 Regis Cinema Regal Complex Theatre iiNet Nova 93.7 Hay St Townshend Rd Rokeby Rd St as o m Th King s Park Subiaco Arts Art Gallery R d Centre Fringe Festival Venue N Train Station Hamersley Rd Key infrastructure/organisations 19 100m
Subiaco: Supporting You and Your Business The City of Subiaco Economic Development engages with the broader business community, team is focused on developing a strong local through memberships, industry partnerships economy, offering a number of support services and Memorandums of Understanding (MOU) to new and existing businesses in Subiaco. with academic institutions. The purpose of this engagement is to ensure Subiaco is ready We partner with businesses, helping them to work with businesses and create the best establish a presence and grow. We can connect outcomes for the community. you to opportunities that will support your vision for success. The Council also actively 20
Current projects, programs and initiatives: • Identification of relevant state and federal government grants and application advice • Small Business Grants program to encourage expansion and innovation in the existing business community • Grant opportunities to support maintenance of heritage properties • Linking businesses with training and networking opportunities • Provision of scholarships to entrepreneurship and innovation programs including Curtin Business School’s Ignition program • Supporting businesses to access mentoring programs and business advisory services • Assistance with obtaining industry and economic insights utilising tools such as Economy i.d. • Opportunities to promote Subiaco businesses through campaigns and initiatives including the #ShopLocalSubi video campaign • Identifying opportunities to showcase Subiaco as a great place to do and be in business • Dedicated destination marketing brand ‘See Subiaco’ to promote local businesses to visitors, residents and workers • Support for shared working spaces, incubators and innovation centres • Liaising with businesses to understand their wins, challenges and aspirations • Connecting businesses with each other and useful organisations • Providing a clear link to the City for businesses through the appointment of a business liaison officer • Flexible planning policies particularly within the City Centre, reducing red tape where possible • The development and implementation of the Subiaco ‘Place Plan’, designing Subiaco as an engaged and connected community 21
Open for Business Please contact us: City of Subiaco 241 Rokeby Road, Subiaco WA 6008 Economic Development Team P: 08 9237 9222 E: ecodev@subiaco.wa.gov.au subiaco.wa.gov.au 22
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