Commercial Property Market Trends

From Bunnings to brothels to Dreamworld, it’s been a huge year in Australian commercial property. 2016 ran the full gamut when it comes to news, and here are the 10 stories you couldn’t get enough of.

Billionaire Lang Walker will build Parramatta’s largest ever skyscraper after securing an agreement with the NSW government to house thousands of public servants. This article originally appeared on theaustralian.com.au/property.

Office vacancy rates across Melbourne’s CBD are set to fall and rents will rise as a spike in the Victorian economy drives business confidence.

The squeeze for office space in Sydney is set to continue.

Australian consumer sentiment dipped slightly last month. But if you conducted the survey today on Sydney’s Northern Beaches, I’m confident we would see a big spike. This article originally appeared on theaustralian.com.au/property.

The National Australia Bank has committed to two major Sydney skyscrapers, with one to soar above Wynyard station in the CBD and the other in the emerging hub of Parramatta. This article originally appeared on theaustralian.com.au/property.

New and proposed office space in the Brisbane CBD is sufficient to meet demand for the next 18½ years, according to new analysis. This article originally appeared on theaustralian.com.au/property.

Competition between retailers and office users for space on Melbourne’s Flinders Lane has pushed rents to an all-time high.

A Sydney-based financial advisory firm for wealthy Asian investors, iProsperity Group, has bought the Novotel Melbourne Glen Waverley, as the value of suburban hotels jumps. This article originally appeared on theaustralian.com.au/property.