Leasing Commercial Property Information

Out-of-control rents and reduced sales volumes are placing pressure on the profit margins of the nation’s listed retailers, with a growing number of businesses planning to close loss making stores in the face of the crippling headwinds, says a new survey from Macquarie Wealth Management.

Australia’s office markets have recorded their lowest vacancy rates in five years as Sydney has experienced the least amount of empty office space since the 2000 Olympics, according to JLL.

GPT has locked in insurance group QBE as anchor tenant at its $300 million office development in Parramatta.

Dexus has struck major leasing deals in Perth’s improving property market and also tapped a branch of UTS as a prospective occupant for a building near Sydney’s Central station. 

Ernst & Young’s Melbourne branch has kicked off a process that could see it shift premises out of its long-time home in Exhibition St in the central business district.

The multi-billion-dollar redevelopment of Sydney’s Circular Quay is ­gathering steam, with AMP ­Capital in pole position to secure ­accounting firm Deloitte as an ­anchor tenant of its proposed $3 billion Quay Quarter Tower.

Listed developer Mirvac is pushing ahead with its Olderfleet office project in the Melbourne CBD, striking deals for two new tenants. 

Co-working juggernaut WeWork is pushing ahead with its national rollout, signing a deal for another location in Melbourne that will be its second-largest in Australia.

WeWork now occupies more Manhattan office space than any other company, a milestone that reflects booming demand for flexible workspace among legions of small and midsize firms — and, increasingly, larger companies, too.