Tag Archives: cbd

Suburban Offices Set to Surge

Posted on 21. Jul, 2011 by .

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There will be a distinct advantage for many corporate tenants to relocate into the suburbs — if they have no compelling reason to remain located within the CBD.

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"Where You Live Should NOT
Dictate Where You Actually Invest!"

Posted on 12. Jul, 2011 by .

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For the past four or five years, Victoria has led the nation in economic growth; and it is one of the few enjoying a net growth in migration from other states.

Furthermore, the latest ABS figures now confirm Victoria's continued growth and job creation — leading all-comers over the past 12 months.

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Office Activity: CBD vs Suburban

Posted on 13. Apr, 2011 by .

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Fundamentally, all the signs are there for continued growth in Commercial rentals and capital values over the next 5 to 7 years — despite the global backdrop creating hesitation for some investors not ?in the know?!

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"It's Now Official: Offices are the Go!"

Posted on 16. Feb, 2011 by .

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A recent survey, the Property Council of Australia (PCA) now makes things official: Office vacancy levels have fallen to 9.5% overall — down from 10% in mid-last year. And this has been driven by strong growth in the mining and financial sectors.

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CBD Offices Can Expect Solid Growth

Posted on 13. Jan, 2011 by .

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What a difference a year can make to Office markets around Australia. Twelve months ago, the rest of the world was anticipating double-dip recession. And white-collar employment was looking rather fragile here in Australia — particularly for Sydney, with its high exposure to the finance industry. Even so, Melbourne's office leasing market remained strong throughout [...]

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A Strong Finish to 2009

Posted on 05. Jan, 2010 by .

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By early December 2009, sales of Commercial property in Melbourne's CBD had almost reached $1 billion — according to a report prepared by Jones Lang LaSalle. Apparently, Melbourne office sales (for buildings over $10 million) totalled around $998 million — while in Sydney, it had reached $444 million. Sales may well have topped the $1 [...]

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State of the Commercial Market?

Posted on 17. Aug, 2009 by .

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As you would expect, the financial turmoil worldwide has had a significant effect on most property markets. However, the effect has not been the same across the board. The current state of the various CBD office markets is probably your best barometer of future activity for two reasons. First, the Property Council of Australia (PCA) [...]

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CBD Office Shortage Looming for Melbourne

Posted on 18. Jun, 2009 by .

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And Rentals are Set to Rise ... The recent boom period saw prime Office rentals in Brisbane, Sydney and Perth hit the $1,000 per sq metre mark. However, they have fallen dramatically from that peak, since mid-2008 Meanwhile, Melbourne has remained steady at around $750 per sq metre — mainly because most of its new [...]

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CBD Office Markets

Posted on 27. Mar, 2009 by .

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As a result of the global financial crisis ... sales of Melbourne CBD Offices fell in 2008 (to $425.2m) from the level achieved in 2007 (of $850.9m) — according to research released by CBRE. Institutional buyers and REITs have virtually withdrawn from the market ... leaving private syndicates, wealthy families and overseas buyers to transact [...]

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Here's Something Definitely Worth a Look

Posted on 02. Mar, 2009 by .

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Just the other day, the sales team at Grayjohnson started marketing what I really think is a top property here in the CBD at 33 Russell Street in Melbourne. It's a rather well presented ground-floor Retail Showroom — at the corner of Flinders Lane, opposite the Grand Hyatt Hotel.

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