CBD Commercial Property News

NSW will splash $35 million on a new start-up hub, bringing in key tenants Tank Stream Labs, Stone and Chalk and Fishburners in an 11-storey building the government says will be the first of its kind in the southern hemisphere. This article originally appeared on theaustralian.com.au/property.

The cheapest 10% of houses in Sydney were valued at just over $600,000 each in the year to June. This article originally appeared on theaustralian.com.au/property.

Demand for office space across major Australian markets remains strong this year, despite some tightening and a declining vacancy rate, according to Colliers International. This article originally appeared on theaustralian.com.au/property.

Canadian giant Brookfield is advancing the development of Perth’s tallest tower at the gateway of the city’s $2.6 billion Elizabeth Quay precinct, winning council backing for the architecturally striking project. This article originally appeared on theaustralian.com.au/property.

Office rents rose at a faster pace in Melbourne than Sydney during the June quarter, while a number of large leases are set to be struck in Sydney during the next three months. This article originally appeared on theaustralian.com.au/property.

A string of high-end international retail brands are looking to set up CBD flagship stores on the east coast, including Italian designer Brunello Cucinelli and Venezuelan-American fashion and fragrance designer Carolina Herrera. This article originally appeared on theaustralian.com.au/property.

Australia Post has sold out of a Melbourne skyscraper that will house the Victoria Police headquarters in a $347.8 million deal just as ­incoming chief executive Christine Holgate prepares to overhaul Post’s operations. This article originally appeared on theaustralian.com.au/property.

Some of Melbourne’s most stunning commercial properties are throwing open their doors this Saturday and Sunday as part of the annual Open House Melbourne weekend.

Firms are flocking back to Perth’s economically-weathered CBD with office vacancy rates falling for the first time in five years.