CBD Commercial Property News

New York jeweller Tiffany &. Co will open a new flagship store at Sydney’s Pitt Street Mall, after leasing a 2200sqm space on the city’s prime shopping strip.

Melbourne’s CBD retail leasing market remains as tight as ever, with just 39 vacancies among 1181 shops, according to new data.

Australia has been identified as one of the preferred markets in the Asia Pacific among hotel buyers but stock remains tight despite major sales being struck in Melbourne and Sydney.

An island on the Swan River and an enormous headless statue in the middle of Perth Water? The rejected ideas for Perth’s waterfront revitalisation over the years are barely believable.

A pair of buildings in Sydney’s CBD are to be sold for the first time in more than 30 years, in an offering that could be worth as much as $130 million.

Sections of Sydney’s office leasing market are so tight that tenants seeking more than 5000sqm of contiguous space can count their options on one hand.

Yoga classes, access to fleets of cars and dry cleaning collection are among the new wave of creative incentives being offered by office landlords to lure prospective tenants. This article originally appeared on theaustralian.com.au/property.

Developer Golden Age has put the Sheraton Hotel Melbourne on the block for up to $140 million as it looks to reshuffle its holdings after buying another major site in the city. This article originally appeared on theaustralian.com.au/property.

Canberra emerged as the surprise best performer of Australia’s office markets last year with the national capital ­second only to Sydney in delivering rent growth in the last quarter. This article originally appeared on theaustralian.com.au/property.