National Office Market Shows Steady Improvement

Posted on 07. Feb, 2012 by Chris Lang.

Across the 26 markets depicted in the graph, demand was up 20% up and supply 30% down, on the 20-year average for the six-monthly period.

Total vacancies fell from 9.0% to 7.9% ? the lowest since January 2009.

Continue Reading

Commercial Property: What Makes for a Balanced Office Market?

Posted on 19. Jan, 2012 by Chris Lang.

EVERY capital city has both a CBD and suburban Office market. And as you can appreciate, keeping tabs on all the various suburban markets is almost an impossible task for most investors. As a rule of thumb, Office markets are said to the "in balance", when their Vacancy Rate lies between 5% and 7%.

Continue Reading

Office Sector Set to Surge Ahead

Posted on 30. Jun, 2011 by Chris Lang.

Australia-wide, Office vacancies are falling.

And Melbourne leads the way at 5.5%; with Perth second, at 6.6% — due to the rebound in mining activity.

Continue Reading

Making Sense of
The Mining Boom

Posted on 31. May, 2011 by Chris Lang.

Size-wise, as a proportion of Australia's economy ... Manufacturing and Mining contribute more or less the same output.

However, Mining's investment spend is currently more than three times that being spent by the Manufacturing sector.

All the media attention has mainly been focused upon this disparity. But that doesn't really tell you the complete story.

Continue Reading

Melbourne Leads the Office Market

Posted on 02. Dec, 2010 by Chris Lang.

Savills International has just released a report on the current level of Office supply within the Melbourne CBD. Strong demand has seen the number of floors of Prime space within the CBD fall from 60 at the end of January this year, down to 42 at present — a decline of some 30%. The amount [...]

Continue Reading

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.

Continue Reading

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 [...]

Continue Reading

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) [...]

Continue Reading

Looking into the Future for CBD Offices

Posted on 17. Mar, 2009 by Chris Lang.

An earlier post outlined my view on how the various CBD Office Markets would perform around Australia. And a report by the ANZ Bank (in yesterday's Financial Review) pretty much confirmed that previous advice. Interestingly, their take on the level of vacancies is that it will not reach anything as bad as the 1990s. But [...]

Continue Reading