Adelaide’s CBD office market footprint is on track to expand by 6.9% in 2023, but it still may not be enough to cater for future leasing requirements.
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Cost containment push in the IMT sector drives small uptick in office sublease space nationally
Melbourne and Sydney have contributed to a slight rise in Australia’s national supply of office sublease space in early 2023, following a cost containment push in the Information, Media & Technology (IMT) sector.
Read More »Great Southern Bank joins Goldfields House
One of Australia’s largest customer-owned banks, Great Southern Bank, will relocate its Melbourne headquarters from the CBD to the city fringe after signing up to join the diverse and growing group of tenants at Goldfields House.
Read More »CBRE Leads Asia Pacific Real Estate Investment Sales Activity in 2022
CBRE was the top-ranked firm for commercial real estate investment sales globally during 2022, according to MSCI Real Assets — the 12th consecutive year that CBRE has claimed the top spot.
Read More »Colliers sells in-demand commercial asset for $5.1million
A trophy-style commercial asset in Melbourne’s Hawthorn changes hands for the first time in over 30 years, as Colliers agents Ben Baines and Alex Browne secured the sale of 157 Auburn Road.
Read More »Activity in Brisbane’s suburban office market set to rebound in 2023
Transaction levels were down in Brisbane’s suburban office market last year as overall activity fell, but sales are expected to pick up in 2023, according to the latest Knight Frank research.
Read More »Garda Sells Box Hill Office for $40m
GARDA has entered an unconditional contract to sell 436 Elgar Road, Box Hill for $40.3 million.
Read More »Lounge to Luxury: The post pandemic workplace trend driving office capital values and market recovery
Rental growth and investor preferences for quality office assets will see office market recovery in 2024, according to Colliers’ research.
Read More »2023: The tipping point for commercial real estate
Traditional real estate asset classes will be impacted to varying degrees by mid-2023 when the market adapts to a pricing reset.
Read More »Prominent Golden Triangle asset 240 Queen Street in Brisbane for sale
A high-profile Brisbane CBD office building situated on perhaps the most prominent retail corner of the Brisbane CBD and anchored by the Commonwealth Bank of Australia has hit the market.
Read More »Sale of Eden Park Offices Unlocks Capital for AOF
The Australian Unity Office Fund has exchanged contracts to sell 5 Eden Park Drive, Macquarie Park for $80.75 million.
Read More »National occupier enquiry continues to surprise on the upside during the second half of 2022
National occupier enquiry across all office markets continues to surprise on the upside even though it somewhat slowed towards the end of 2022, after having delivered a record-breaking quarter in Q3 2022 with close to 958,000 sqm enquired for, according to Colliers’ Office Demand Index.
Read More »Colliers finds a new home for global coffee brand Lavazza in Melbourne’s CBD
Leading global coffee brand Lavazza has committed to an entire floor in a refurbished B-Grade office building at 50 Queen Street Melbourne as they relocate to the CBD from Hawthorn.
Read More »Five things to consider before investing in office property
Three years of pandemic life have completely transformed the office market. We have seen the demands of tenants changing drastically, with new trends emerging among them. Amid this shifting landscape, those wishing to invest in or manage office property may be wondering where to start.
Read More »The Hive moves into Milton House on Fitzroy Street
One of Asia’s largest co-working organisations, the (ok) Hive, has agreed terms on a management agreement to occupy the three upper levels of the historic,1880s constructed, Milton House on one of Melbourne’s most celebrated boulevards, Fitzroy Street in St Kilda.
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