Leasing Commercial Property Information

Sydney’s Pitt St Mall remains one of the world’s most expensive retail strips on which to lease a shop.

Australia’s top banks are shifting their headquarters into glittering new skyscrapers along the eastern seaboard, setting commercial property markets alight at a time when they are also dramatically overhauling their workforces.

The $US20 billion ($26 billion) global co-working space operator WeWork sees “massive” opportunities for expansion locally after opening its first Melbourne office and is actively looking for more sites.

The term “new paradigm” makes me nervous.

Meal subscription service Marley Spoon has expanded its Australian operations, leasing a production and storage facility at Altona North in Melbourne’s west.

The declines in department store and discount department store sales could accelerate and hit major listed landlords Scentre Group and Vicinity Centres hard if this country follows the path of the United States, according to Macquarie Equities.

The disparity in residential property prices between Sydney and Melbourne is also manifesting in the industrial rental market, where the price gap has widened dramatically over the last five years, according to new figures. CBRE …

The rental market for office space across Darwin remains moribund and it is difficult to see how this will change in the short or medium term.

Salaries in the booming property industry are rising faster than the weak wage growth seen across the broader economy and could continue to climb, with the most junior staff in high demand.