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 …

Commercial Yields are Firming

Property Investment Research estimates that yields on Retail property have sunk to 5.75%, on Office property 6.75% and on Industrial property 7.5%. And some of the major players are starting to look off shore to satisfy the expectations of the members of the Funds. “Read more”:http://www.his-best.biz/files/CommercialYieldsFirm2.pdf …

In an earlier eBulletin, we also gave you an analysis of how “Commercial yields”:http://www.gal.com.au/rsl/private/show/archive/eb2002-12.html vary over time.

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 …