CBD Commercial Property News

Private investment firm Pro-invest Group has snapped up a second hotel site in Melbourne’s central business district and will develop a Holiday Inn Express on the $30 million property. This article originally appeared on theaustralian.com.au/property.

Office vacancy rates across Melbourne’s CBD are set to fall and rents will rise as a spike in the Victorian economy drives business confidence.

The squeeze for office space in Sydney is set to continue.

The National Australia Bank has committed to two major Sydney skyscrapers, with one to soar above Wynyard station in the CBD and the other in the emerging hub of Parramatta. This article originally appeared on theaustralian.com.au/property.

New and proposed office space in the Brisbane CBD is sufficient to meet demand for the next 18½ years, according to new analysis. This article originally appeared on theaustralian.com.au/property.

Competition between retailers and office users for space on Melbourne’s Flinders Lane has pushed rents to an all-time high.

Boston-based investment manager AEW Capital Management is looking to enter the local market with the purchase of a B-grade tower in Sydney’s Clarence St for close to $170 million. This article originally appeared on theaustralian.com.au/property.

The race for office space across Sydney is on as the city experiences its greatest spike in market growth in more than 20 years.

Indonesia’s billionaire Halim family is taking on another billionaire, James Packer, in the race to develop one of the nation’s first ultra luxury six-star hotels. This article originally appeared on theaustralian.com.au/property.