Office

A study by Deloitte Access Economics reveals the flight of workers from Melbourne’s CBD was deeper than other capital city centres in 2020, driven by the more severe lockdown, and will take longer to recover.

It’s stood through a gold rush, two world wars and the rise of city skyscrapers — now this heritage CBD home is for sale for the first time in over a century.

Melbourne’s newest laneway precinct is taking shape, with a bevy of high-profile restaurant signings and boutique shops designed to bring back the glamour to city life.

Like almost every sector of the economy, commercial real estate took a big hit in 2020, but industry leaders say confidence is back and growing by the day. While local market factors remain a key driver of price and demand, across the commercial sales and leasing spheres, negative sentiment built up during a tumultuous 2020 is being replaced with buoyance, according to two winners of the prestigious Annual REA Excellence Awards.

The ABC’s plans to move 300 Ultimo employees to Parramatta could help consolidate Western Sydney as a go-to alternative to the Sydney CBD.

Australian-Korean investment and fund manager Inmark Asset Management is moving to capitalise on global demand for long-leased office assets by putting the national Woolworths headquarters in Sydney’s northwest on the block for more than $400 million.

Agents expect interest from Melbourne, government departments as a floor opens up in Geelong council’s new headquarters.

Melbourne-based RMIT University has offloaded a major city building in the heart of the Melbourne CBD as part of a $200 million-plus repositioning play driven by funds manager Futuro Capital.

The North Ryde compound of the CSIRO is set for a new chapter after nearly 60 years, with the 6.56ha site on the market with an eye-watering price tag.