Office

Brisbane is locked in as one of the country’s busiest office markets with towers trading at a more rapid clip but still at a discount to their boomtime values.

The vision for the Elizabeth Street development includes the existing 155 Queen Street building, Wintergarden Shopping Centre, Hilton Hotel and the Regent Heritage building.

The Melbourne HQ of budget airline Jetstar has hit the departures list, up for grabs at a price that is anything but economy. Find out what could be next for the property.

Office vacancies have jumped in Melbourne and lifted in Sydney in a sign markets are still dealing with headwinds such as working from home and weak demand for new towers.

The country will get two of its ­tallest buildings as big companies pull out all the stops to try to entice workers back to their desks by moving in to new-style hi-tech ­office towers.

Lendlease’s flagship office fund and Aware Super have put Sydney’s Darling Square office development on the market for more than $400m.

Investment manager Alceon has snapped up a block in Brisbane from funds manager Charter Hall for $64m as its long-lease listed trust sells down.

The commercial property market is seeing volumes lift as global investors swoop on bargains thrown up by the fall in values of office towers, shopping centres and industrial parks.

Australia’s commercial property market has been in the doldrums for two years now, with sales volumes hovering around decade lows. But in a positive sign for brokers, several forward-looking indicators suggest deals may soon start …