Office

It’s all happening in the sunshine state, with the sheer variety of commercial property types topping our list of the week’s most viewed Queensland properties a telling insight into just how widely investor tastes run. …

From famous inner-city pubs to sought-after seaside cafes, the most-viewed commercial properties in Victoria over the past week were as varied as they come.

Commercial property has started 2020 with a bang, as buyers and businesses circle key properties across the country.

The stiff demand for office assets around Australia has been put on display with Singapore-listed ARA Asset Management Limited teaming with QuadReal Property Group to pre-purchase an East Melbourne office block for about $330 million.

Tupperware is having another crack at selling its Ferntree Gully headquarters of 60 years.

Lawyers are circling Dexus’s new office tower in the heart of Melbourne’s central business district, with leading law firm Ashurst the latest to sign a deal to make the move to the developer’s premium project.

On balance, last year was a positive one for real estate investors. The risks and rewards became clearer as central banks responded to sluggish growth and improving capital values benefited from low interest rates. We also saw risks on the demand side rising as consumer and business confidence hit record lows. With this in mind, where next for the new year?

Landlords providing tenants with more flexible leasing options may be the remedy to softening demand for office space in towers in the Sydney and Melbourne central business districts.

More office skyscrapers are tipped to change hands this year after sales smashed through the $20bn barrier in 2019, according to a major report by real estate agency JLL.