Quarter 1, 2014

Category: Market Overview

Adelaide

Genuine need, such as business expansion or contraction, changes in business model or other factors, is driving demand in Adelaide. Without an underlying reason, most tenants are not considering relocation. Continue reading

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Brisbane CBD

What has changed in your leasing market from Q4 2013 to Q1 2014? The overall Brisbane CBD vacancy rate increased slightly during Q1 2014 to 15.5% (up from 15.4%). While the vacancy rate remained alarmingly high, tenant activity increased as … Continue reading

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Brisbane Fringe

What has changed in your leasing market from Q4 2013 to Q1 2014? Q1 2014 was a challenging quarter for the Near City market with a further rise in sublease availability and several tenant contractions resulting in negative net absorption … Continue reading

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Canberra

What has changed in your leasing market from Q4 2013 to Q1 2014? The Commonwealth Government has introduced a number of new initiatives and changes within various government departments including the reshuffling of a number of portfolios. This will likely … Continue reading

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Melbourne CBD

What has changed in your leasing market from Q4 2013 to Q1 2014? Older ten-year lease terms are nowadays really eight-year deals. Landlords are showing a willingness to move early and renegotiate new terms well ahead of a tenant’s lease … Continue reading

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Melbourne Fringe

What has changed in your leasing market from Q4 2013 to Q1 2014? The first quarter of 2014 saw a pleasing turnaround in general enquiry and the volume of transactions. This activity was believed to be partially attributed to a … Continue reading

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Melbourne South East

What has changed in your leasing market from Q4 2013 to Q1 2014? We welcomed the increase in activity that we saw in Q1 2014, which was a marked improvement from last year. Tenants appeared to be more active, and … Continue reading

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North Sydney

What has changed in your leasing market from Q4 2013 to Q1 2014? A healthy level of enquiry has continued from Q4 2013 to 2014. This pipeline has resulted in the completion of a number of deals across small and … Continue reading

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Parramatta

What has changed in your leasing market from Q4 2013 to Q1 2014? The momentum from the end of 2013 continued onto the start of 2014. Enquiry levels from small and medium enterprises (SMEs) (100–300 sqm) remained solid, with a … Continue reading

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Perth

What has changed in your leasing market from Q4 2013 to Q1 2014? The Perth market remained relatively subdued, with slightly increased tenant enquiry levels from Q4 2013 to Q1 2014. Existing demand in Q1 resulted predominantly from tenant relocations … Continue reading

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Sydney CBD

What has changed in your leasing market from Q4 2013 to Q1 2014? The momentum that built into the final quarter of 2013 continued in Q1 2014. This resulted in increased activity levels, particularly in the smaller end of the … Continue reading

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Sydney Metropolitan

What has changed in your leasing market from Q4 2013 to Q1 2014? The start of the year has traditionally been a busy time for leasing markets with good levels of tenant enquiry, as companies evaluate their future space requirements … Continue reading

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