Quarter 3, 2012

Category: Market Overview

Adelaide

What was everyone in your market talking about in Q4 2012? In Q4 2012, the Australian Taxation Office (ATO) completed its move into new accommodation at 12–26 Franklin Street, vacating over 30,000 sqm of existing space in the process. The … Continue reading

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Brisbane CBD

What was everyone in your market talking about Q4 2012? The final quarter of 2012 was particularly active in the Brisbane CBD development market. The Queensland (QLD) state government announced it would commit to 75,000 sqm at its own 1 … Continue reading

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Brisbane Fringe

What was everyone talking about in Q4 2012? The final quarter of 2012 saw softer market conditions prevail. Leasing activity in existing space has been very limited with only one deal over 1,000 sqm transacting in the quarter, but was … Continue reading

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Canberra

What was everyone talking about in Q4 2012? The Australian Capital Territory (ACT) Commonwealth Government Departments and Agencies continue to lease office accommodation on a short-term basis of up to three years. Pressure remains on all Government Departments and Agencies … Continue reading

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Melbourne CBD

What was everyone in your market talking about Q4 2012? Incentive and demand! With most businesses continuing their inward focus on cost, and by virtue assessing operational efficiencies across resourcing and office costs, Q4 2012 saw lower than normal year-on-year … Continue reading

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Melbourne Fringe

What was everyone talking about in Q4 2012? The Jones Lang LaSalle Melbourne fringe leasing team concluded the largest transaction in the fringe market in 2012. The Anti-Cancer Council of Victoria leased 8,500 sqm at 615 Saint Kilda Road and … Continue reading

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Melbourne South East

What was everyone talking about in Q4 2012? There was an increase in leasing transactions in Q4 2012 with several key deals taking place just before Christmas across many of the suburban submarkets. Dandenong in particular was very active with … Continue reading

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North Sydney

What was everyone talking about in Q4 2012? There was plenty of discussion around new development sites and their perceived realisation dates. Around 120,000 sqm of space is anticipated for North Sydney, with a further 27,000 sqm (approx.) planned for … Continue reading

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Parramatta

What was everyone talking about in Q4 2012? Everyone was talking about the recent sale of Eclipse Tower that represented a significant testimony to positive investment sentiment toward Parramatta. The transition of State Property Authority to Government Properties NSW was … Continue reading

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Perth

What was everyone talking about in Q4 2012? Q4 2012 has seen a relatively large increase in vacancy as a result of engineering and resource sector companies scaling back expansion plans. There were some speculations on Chevron’s future office plans … Continue reading

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Sydney CBD

What was everyone talking about in Q4 2012? We saw a typically busy run-in to the end of the year with a focus on completing transactions before everyone disappeared for the Christmas holiday period. Deals completed throughout the quarter included … Continue reading

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Sydney Metro

What was everyone talking about in Q4 2012? The main priority in Q4 2012, as always, was to complete any pending deals. Historically, the fourth quarter in any year is a very busy period within the real estate market, and … Continue reading

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