CBD Commercial Property News

The ground floor of a prominent Melbourne CBD corner will be home to a Hungry Jack’s outlet, after the burger giant took a lease on the prime corner site.

Multinational tech giant Google on Thursday cut the ribbon in its new Melbourne office, but declared its Australian headquarters will remain in Sydney.

A Melbourne office building has more than doubled in price in the space of 3.5 years with a $93.88 million sale to a Hong Kong-based investor confirmed.

Property group Mirvac believes that office rents in Melbourne will have to rise to spark the building of the next wave of office skyscrapers, as the cost of assembling sites soars.

The contest to develop new skyscrapers above railway stations for Sydney’s planned metro network has drawn some the biggest names in local and international property, with local giant Lendlease going up against Canada’s Brookfield, a bid by Spanish-backed giant CIMIC and Grocon and another from Malaysia’s UEM Sunrise.

Despite repeated calls to decentralise the NSW public service, and push workers into the ­regions, one of the state’s biggest commercial office space users, the NSW government, is seeking up to 22,000sqm of high-quality ­office space in Sydney CBD or the southern CBD in a bid to amalgamate several agencies. 

Brisbane’s Queen Street Mall looks set to get its third hotel, with Vicinity Centres hinting at plans to add to its luxury QueensPlaza complex. 

Brisbane CBD office space is diversifying with US co-working juggernaut WeWork expanding into the Queensland capital, taking out a lease on 310 Edward St. 

Melbourne’s oldest street has been revealed as Flinders Lane.