Your Office of the Future

Imagine a building that makes oxygen … distils water … produces energy … and changes with the seasons. It’s all possible with the technology we now possess. Yet, in some cases, going “Green” it is simply too cost prohibitive.

However, in Dubai, they now have plans for a completely-revolving, 30-storey Tower — designed by Glen Hawells. And you’ll find that stored solar energy will power the revolving motion.
[Read more…]

Commercial Property Sales for 2006

As you have probably gathered, the demand for Commercial Property last year was strong.

In a recent article in the Financial Review, a report by CB Richard Ellis calculated that a record of $14 billion worth of Office, Retail, Industrial and Hotel property changed hands in Australia in 2006.

The accompanying table will give you a comparative summary of sales activity over the past 10 years.
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The G+L December eBulletin

By now you are probably winding down, and getting ready for a well-earned Christmas break.

As you’re aware, the purpose of the postings on this site is to give you quick updates on events affecting you as a Commercial property investor.

However, our regular eBulletins are still designed to give you a more in-depth analysis of Market trends — but on a quarterly basis.

The current eBulletin takes a look at where you are in the Property Cycle; and what it is you need to consider.

You can now go to our main website for the complete picture.

“Will there be another Crash?”:http://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Thinking-Ahead-3.html

“If there is to be a Crash … When?”:http://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Thinking-Ahead-3.html#when

“How widespread will the Crash be?”:http://www.gal.com.au/FREE-eBulletins/Current-eBulletins/Thinking-Ahead-3.html#spread

Understanding the Commercial Markets

You have seen strong growth and investor activity over the past 12 months; but neither of these have been very consistent — whether you look across the nation, or within each of the Commercial sectors.

Let’s take a quick look at each sector; and also consider the likely impact that further interest rate rises may have on your Investment Strategy.
[Read more…]

Here’s a good Investment Opportunity

Having survived the unintended barrage of postings last week, I just thought you needed a short break. Anyway something has now come up, which I thought you might wan to hear about.

About 6 weeks ago, I alerted you to an investment opportunity in the CBD. It was a strata office for around $240,000 with good depreciation benefits.

The interest from our eBulletin subscribers was quite amazing. And, during the ensuing fortnight, we had strong enquiry; plus a number of positive inspections … culminating in a rather quick sale.

As it turns out, I now have something similar close to the CBD.
[Read more…]

Melbourne CBD Office Market

According to the latest Property Council of Australia data (July 2006), the Melbourne CBD recorded a staggering net absorption figure in the last six months of 173,121 sqm, bring the total absorption for the last twelve months to 213,159 sqm.

These are the highest six and twelve month net absorption figures for Melbourne since PCA records began in 1990.

“Read more”:/assets/2006/10/31/MelbourneCBDOfficeMarketIndicatorsReport-Spring2006.pdf …

Brisbane CBD Office Market

Conditions have tightened across the market reducing total vacancy of prime stock to 1.4% and secondary stock to 2.8%. With the mining and resource boom the primary driver of the market, demand is strong and supply is restrained.

“Read more”:http://www.colliers.com/Content/Repositories/Base/Markets/Australia/English/Market_Report/PDFs/BrisbaneCBDOfficeMarketIndicatorsReport-Spring2006.pdf …

Sydney Suburban office – Still Active?

The demand for suburban offices is strong, and construction is underway for 848,000 sqm of space across some 90 projects.

Land Mark have just released a “detailed report”:http://www.lmw.net.au/research/Byte/061004.pdf showing you the latest facts and figures.

Melbourne Suburban Office Market sets pace

Hawthorn has been the pacesetter in Melbourne’s suburban office market this year with limited opportunities for new development and tenant demand for extra or improved space driving up rents and pushing down vacancies.

But while Hawthorn — and particularly Burwood Road — in the inner east has been red hot, the opposite story has come out of the suburbs of Mount Waverley and Mulgrave, where an over-supply of office stock has failed to be absorbed and rents have been stagnant.

“Read more”:/assets/2006/10/31/Offices-SE-Suburbs1.pdf …