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Melbourne demand soars among international investors
Melbourne has locked in its status as a prime international investment destination with its central business district recording the greatest yield compression over the past three years across CBD office markets globally, real estate group Savills said.
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Gen Y dining habits drive hunger for retail space
Young people’s desire to dine out has driven inquiries from food and beverage retailers as vacancy rates improved.
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Sport events score big points for Melbourne hotels
Melbourne’s hotel accommodation market remains buoyant on the back of international and local sporting events, according to a report from HTL Property.
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Banks lead charge in mid-sized office market
The mid-market has emerged as the sweet spot in office leasing at the start of this year but big requirements from banks looking to split their operations and from flexible space groups could see larger deals struck later this year.
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Sydney hotel supply sees room rates fall
The long overdue increase in supply of new hotels in Sydney is contributing to a drop in occupancy and average daily room rates, but investors and developers are continuing to spruik hotels for sale.
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Office vacancy hits lowest mark since 2012
The amount of empty office space around the country has reached the lowest levels in almost six years despite a modest slowing in the rate of absorption.
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Melbourne trumps Sydney among Aussie investors: report
In almost every sphere, Melbourne and Sydney are sworn enemies and if a new survey is to be believed, the southern capital has just taken a major title from the harbourside city; as the preferred destination for Australian-based commercial property capital.
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Perth to lead nation for office rent growth: CBRE
Perth’s office sector is set to outperform the rest of Australia’s major CBD markets this year, according to leading commercial real estate services and investment firm CBRE. CBRE expects the West Australian capital to record the …
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Jam Factory to help double South Yarra office market
Melbourne’s new-look Jam Factory precinct in South Yarra will pave the way for the suburb’s office market to almost double in size over the next four years.
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