The Brisbane CBD Office market is again in a treading water stage despite some significant movements in market indicators. Results from Property Council’s Office Market Report highlight a significant increase in take up this period which has been instrumental in the reduction of vacancies to 15.33%. Unfortunately the strata office market has not followed this movement as tenants have opted for newer premises during a time of competitive leasing deals resulting in strata vacancies growing to 13.04%.
To read the complete Brisbane CBD Office Market Update please click here.
In the dynamic and ever-evolving world of real estate investment, one key decision can make all the difference in the success of an investor’s portfolio: the choice of their management team.
A retail development site in the heart of Perth’s CBD has sold for $48 million. The 1,705sqm site at 96 and 110 William Street, and 255 Murray Street Mall was marketed by RWC WA agent Brett Wilkins.