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corporate tenants

Suburban Offices Set to Surge

Over the past few weeks, you have been reading articles about the various Office markets around Australia.

As such, you would now be aware of how each capital City compares, in relation to its … Vacancy rates … Rental levels … and expected Capital growth.

 You can expect definite Rental Growth in the city fringe.However, most of that commentary has been focused upon CBD Offices. And as a result, people have been enquiring about just how the Suburban Office markets are also likely to perform, over the next few years.

Clearly, a rent differential exists between the City and Suburban Office markets. And obviously, that rental gap will also vary, as you move around Australia. [Read more…]

CBD Offices in Demand

Full-floors becoming scarce.

Within CBDs around Australia, the number of whole Office floors available to tenants is falling rapidly.

In the last post, you heard about the general decline in Office vacancy is within the capital cities.

But here, you’re looking at a situation where large corporate tenants will find it increasingly difficult to secure whole floors within quality buildings — according to Savills Research.

While Sydney still has a greater number of full floors available, these should quickly be taken up with increased activity from the finance and insurance sectors.

Bottom Line: This will put upwards pressure on Office rentals around Australia; and underpin good growth prospects for Commercial landlords, over the next 3 to 4 years.

Can You Afford to Miss Out?

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.

Melbourne Office Market

Melbourne Office Market


Some recent research by Jones Lang LaSalle indicates that Melbourne’s Office vacancy is likely to fall to around 5.4% by 2013.

Several pundits are suggesting it could be even lower.

h3. And the reason why?
[Read more…]