Tags » Office Rental

The Changing Face of Office Space

The term office space has always referred to the property a company occupied to conduct business. The company leased the space and paid for utilities and employee parking. 383 more words

4 Feb 2016 (AFR) - Tenants hold the power as vacancy rates creep up in Adelaide

(4 February 2016, AFR, p32, by Simon Evans)

‘Top shelf office space is in strong demand, but further down the spectrum there’s been a blowout in the amount of lower-grade office space remaining vacant in the Adelaide market. 47 more words

1.Market Observations

4 Feb 2016 (AFR) - Perth office vacancy rate is the highest in 21 years

(4 February 2016, AFR, p32, by Julie-anne Sprague)

‘Perth’s vacancy rate has hit its highest level in 21 years after new office tower completions swelled floor space into a depressed property market. 58 more words

1.Market Observations

4 Feb 2016 (AFR) - Brisbane's empty office towers take a breather but how long for? - Oversupply still an issue, and more is on the way

(4 February 2016, AFR, p32, by Matthew Cranston)

‘The amount of empty office space in Brisbane has stopped growing but just how long the respite lasts will depend on the 190,000 square metres of looming new supply. 51 more words

1.Market Observations

4 Feb 2016 (AFR) - Melbourne: where demand exceeds supply - Future developments likely to cause vacancy rate rises

(4 February 2016, AFR, p31, by Nick Lenaghan)

‘Melbourne was the only market over the past six months where net demand exceeded supply, leading to tighter vacancy. 38 more words

1.Market Observations

4 Feb 2016 (AFR) - Big city office markets shine - Bright outlook for Sydney and Melbourne office markets

(4 February 2016, AFR, p30, by Larry Schlesinger)

‘The Sydney and Melbourne CBD office markets will continue to strengthen in 2016 and 2017 with vacancy rates forecast to fall to among the lowest in the Asia Pacific region, according to a new report from real estate group Cushman & Wakefield.’ 15 more words

1.Market Observations

4 Feb 2016 (AFR) - CBD office market special: city by city analysis

(4 February 2016, AFR, p30, by Robert Harley)

‘In Perth, the office towers that line St Georges Terrace are nearly 20 per cent empty, and office rents have fallen close to 40 per cent since the peak of the resources driven boom in 2012.’ 43 more words

1.Market Observations