CBD Commercial Property News

CBD commercial property news, commercial real estate market data, business news and insights.

Is 2024 the year offshore investors come back to Australia?
News
Is 2024 the year offshore investors come back to Australia?
Offshore investment into Australian commercial property hit a decade low in 2023, falling even beneath 2020’s pandemic low when international borders were closed. Just $8.8 billion was spent on commercial property last year – half …
Taylor Swift fans paying five times as much for rooms gives hotel sector boost
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Taylor Swift fans paying five times as much for rooms gives hotel sector boost
Taylor Swift’s Aussie tour has been boosting an industry that was hit hard by Covid, with property owners cashing in on splurging fans.
Office vacancy rates soar, but not all towers hit equally
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Office vacancy rates soar, but not all towers hit equally
The scars of the pandemic continue to deepen among commercial office assets, with vacancy rates rising to the highest levels since the mid-1990s. But for investors prepared to withstand extended periods of vacancy, it could …
King St: Inflation nightclub, male burlesque venue still looking for a buyer
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King St: Inflation nightclub, male burlesque venue still looking for a buyer
The King St site of Inflation nightclub and a venue offering a show billed as ‘Australia’s Best Male Burlesque’ including strippers is still seeking a buyer in Melbourne’s CBD.
South West Sydney set to have new entertainment precinct
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South West Sydney set to have new entertainment precinct
South west Sydney is set to have a new pavilion style country club which will include a beer garden, restaurants, sports bars, a kids play ground and more.
The working-from-home debate: Measures companies are taking to entice staff back to the office
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The working-from-home debate: Measures companies are taking to entice staff back to the office
In an effort to curb the ‘work from home’ trend that is now embedded in professional life, businesses are taking various approaches to getting staff back into the office.  Hard-line measures range from mandating minimum …
Brookfield, CPP Investments could sell George St, Pitt St office towers
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Brookfield, CPP Investments could sell George St, Pitt St office towers
The owners of two neighbouring Sydney skyscrapers are weighing up their options to potentially sell ­up the prime sites worth more than $1.1bn.
Perfect timing for $2bn CBD project
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Perfect timing for $2bn CBD project
A $2bn CBD development, estimated to be worth about three-times its present value upon completion, could hit Sydney at the perfect time.
Melbourne building sales grind to a halt as funding becomes “complicated” to acquire
News
Melbourne building sales grind to a halt as funding becomes “complicated” to acquire
Just 13 freehold buildings have sold in Melbourne city in the last 12 months compared to pre-pandemic levels which saw nearly double that amount. So what’s caused the change?
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