finance
Expanding Footprints: New Business Openings Across Cairns
From the Esplanade to Portsmith, new commercial activity is shifting the landscape of local services and retail options.
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The business landscape in Cairns is shifting as a series of new retail and service hubs open their doors across the region. Recent months have seen a transition in how local consumers access everything from office supplies to dining and fitness facilities, with several major brands establishing or relocating their operations to better serve the community.
A Major Retail Shift in Portsmith
One of the most significant changes to the local retail sector occurred in November 2024, when Officeworks opened its new, relocated store at 149 Spence St in Portsmith. This development represents a substantial increase in local capacity, as the site is now recognized as one of the top three largest Officeworks locations across the country, according to company reports.
Dining and Lifestyle Growth on the Esplanade and Beyond
Culinary and wellness options for residents are also broadening. The Hello Harry burger chain has expanded its footprint in the region with the opening of its 15th franchised store located on the Cairns Esplanade. To accommodate current consumer preferences for convenience, the location offers delivery options through Uber Eats and DoorDash. Further supporting lifestyle needs in the Manunda area, Snap Fitness is scheduled to launch its first 24/7 club within the Raintrees Shopping Centre, with operations slated to begin in early February 2025.
Cairns Central Redevelopment and Future Retail
The core of the city is also seeing physical infrastructure improvements. Cairns Central is currently undergoing a redevelopment process, with a new Food Hall expected to open in time for the Christmas period. The project is set to host several key tenancies, including a new site for the Rise & Bake bakery and an updated Woolworths location. Looking toward the 2025 calendar year, additional retail opportunities are expected to enter the market with the opening of a new DFO (Direct Factory Outlets) site in the 4870 region.
As these facilities come online, residents and business owners can expect a change in local service availability and retail density. These developments, ranging from the food hall upgrades at Cairns Central to the introduction of major national retail outlets in Portsmith, highlight a period of sustained investment in the city's commercial infrastructure.
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This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.