Tag Archives: Offices
"It's Now Official: Offices are the Go!"
Posted on 16. Feb, 2011 by Chris Lang.
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 Chris Lang.
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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Are Offices "The Go"?
Posted on 17. Nov, 2010 by Chris Lang.
Just take a look around your capital city CBD. And tell me, how many cranes to currently see on the skyline? In most cities, you could count them on one hand — as there is minimal speculative development occurring right now.
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Where to Invest ... Right Now!
Posted on 29. Sep, 2010 by Chris Lang.
Last week, you are given a quick overview of the CBD Office scene around Australia. But one of the tightest spots at the moment is the south-eastern Office market in Melbourne. A recent study by Jones Lang LaSalle revealed there is only 12,200 m2 of space currently under construction — mainly as a result of [...]
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Can You Afford to Miss Out?
Posted on 23. Aug, 2010 by Chris Lang.
The other day, we took a look at Commercial property cycles, and where the various Australian CBD office markets might sit. Currently, Melbourne seems to be "leading the pack". But you might be interested to explore exactly why that is. Some recent research by Jones Lang LaSalle indicates that Melbourne's Office vacancy is likely to [...]
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Interest Rates Looking Forward
Posted on 03. Jun, 2010 by Chris Lang.
... and Commercial Property This week's decision by the RBA to leave the cash rate on hold was an easy one — mainly because the major banks had basically helped it out, by increasing their rates earlier by a greater margin. The RBA's view was that the current rate of 4.5% was "appropriate for the [...]
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Commercial Property Yields?
Posted on 26. May, 2010 by Chris Lang.
... Exactly How Do They Work? Recently, I was invited to conduct a Workshop at a 3-day Conference for some 1200 delegates. My role was to provide some insight into the main Commercial property sectors. And explain just how the combined returns for each sector relate to one another. So what I've done is to [...]
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The Office Market is Looking Good
Posted on 27. Jan, 2010 by Chris Lang.
While several capital cities still have a reasonably high Office vacancies, there is a general shortage of space looming. Twelve months ago, it was all doom and gloom for the CBD Office markets in Perth and Brisbane — with falls expected in both rents and values. New projects were being finished, as the resources boom [...]
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Biggest Economic Threat For Australia
Posted on 13. Jan, 2010 by Chris Lang.
It might surprise you to hear this, however ... A Strong US Recovery ... would probably be the worst thing to happen for Australia in 2010. If that occurs, the US Federal Reserve would be forced to quickly raise interest rates, from zero to around 3%. And that would cause the collapse in the Australian [...]
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A Strong Finish to 2009
Posted on 05. Jan, 2010 by Chris Lang.
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 Chris Lang.
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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