Office Market Dynamics in the Most Liveable City

21 June, 2013 by Leave a Comment

CBD-Offices
MELBOURNE’S IDENTITY as the World’s Most Liveable City owes much to the transformation of its Central City over the past two decades — into a series of vibrant projects, places and precincts. And these offer an interesting mix of … housing, offices, retail, entertainment, tourism, dining, civic and cultural opportunities — where there are concentrations of people wanting to live, work and play.

Whilst the development of apartments has been transformational for the Central City, this segment is about to enter a phase of historic high supply (2013-2015) as well as unprecedented levels of “internationalisation” of the product, developers and capital associated with this market. [Read more…]

Filed Under: *Expert Panel, Market Sectors, Offices, Residential vs Commercial, Valuer's Viewpoint Tagged With: , , , , , , , , , , ,

Industrial Property Starts to Makes Sense

6 June, 2013 by Leave a Comment

Industrial-Property
INTERESTINGLY, the Industrial property market in metropolitan Melbourne still remains the largest in Australia.

The market has evolved significantly over the last two decades — largely underpinned by the strong growth in supply chain sectors (ie: the transport, logistics and distributions sectors).

In addition, there has been significant infrastructure investment, population and workforce growth … along with the entry of major institutions and developers. [Read more…]

Filed Under: *Expert Panel, Economic Issues, Employment, Global Scene, Industrial Sector, Market Sectors, Valuer's Viewpoint Tagged With: , , , , , , , , , , , ,

Melbourne Office Market is Holding Its Own

16 May, 2013 by Leave a Comment

Melbourne-OfficesMELBOURNE is Australia’s second-largest office market, and has remained relatively resilient since 2010.

A range of factors supported this, including … limited new supply and growth in absorption (driven by Australia’s economic recovery during that period).

Underlying Strength

On the demand side in particular, the size and diversity of Melbourne’s white-collar workforce was a key reason supporting the market’s resilience, although on-going staff reductions in the finance and government sectors is lessening demand. [Read more…]

Filed Under: *Expert Panel, Economic Issues, Global Scene, Investment Opportunity, Market Sectors, Offices, Opportunities, Valuer's Viewpoint Tagged With: , , , , , , , , , , ,