Leasing Commercial Property Information

The darling of 2013 in the property market proved itself to be the residential market, with development sites also hot. For commercial, retail property sales were still in demand, office sales were positive and office leasing remained stable.

Investors are snapping up CBD office blocks to turn them into apartments, in a ripple effect from the nation’s strong housing market. This emerged as a key trend in 2013 and industry experts are expecting it to continue in the year ahead.

More land for future development is on the Christmas wish-list for Australia’s industrial property market. Market experts believe logistics companies on the hunt for locations close to road, rail and port hubs will help drive the market in 2014.

The past 12 months in the Sydney CBD office market has again been testing, with an increase in direct vacancy of just under 9%. Furthermore, the additional sub-lease component pushed overall vacancy up to approximately 9.5%, and we have again seen an increase in incentives.

There’s a shift on in Melbourne, with major business moving out of their suburban homes and into the CBD. A new report shows 16 companies moved from the suburbs to the CBD and its fringe in the past 12 months – up from three in the previous 12 months.

Finding your first office space can seem like an overwhelming, daunting task. However, the process is actually quite easy as long as you follow a few basic steps and you understand the key terminology used in commercial office leasing.

Investors are offering hefty prices in a bid to secure quality CBD properties in Sydney and Melbourne.

Melbourne has emerged the centre of high-rise residential development, but has new supply outgrown the market? Paul Thornhill investigates.

With vacancy rates and incentives rising, many in the media are calling the office market oversupplied. But that conclusion has been drawn too fast, Paul Thornhill finds.