Quarter 4, 2013

Category: Market Overview

Adelaide

What changed in your market between Q3 and Q4? Bendigo Bank’s building, 80 Grenfell Street, was completed in late 2013. The new 22,000-sqm office tower is fully leased to Bendigo Bank, which will sublease approximately 6,500 sqm. The bank in … Continue reading

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Brisbane CBD

What has changed in your market between Q3 and Q4? The increase in the vacancy rate in Q4 was not unexpected, and, importantly, it will now start its journey downward throughout 2014. During this downturn, corporates have been very quick … Continue reading

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Brisbane fringe

What has changed in your market between Q3 and Q4? The vacancy rate continued to rise, particularly in sublease vacancy, as mining and mining-related companies contracted. Nevertheless, at 12.6% at the end of 2013, vacancy remained well below the CBD … Continue reading

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Canberra

What changed in your market from Q3 to Q4? The government has introduced a number of new initiatives as well as a number of changes within various government departments including the re-shuffling of a number of portfolios. What was everyone … Continue reading

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Melbourne CBD

What changed in your market between Q3 and Q4? Broadly, we observed very little change from Q3 to Q4. Leasing transactions continued, albeit with caution as tenants continued to remain cost-conscious. What was everyone talking about in Q4 2013? The … Continue reading

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Melbourne Fringe

What has changed in your market between Q3 and Q4? The Melbourne fringe market enjoyed a lift in tenant sentiment and activity in Q4 with various deals concluded late in the year but many more at various stages of negotiation … Continue reading

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Melbourne South East

What has changed in your market between Q3 and Q4? The last quarter of 2014 did not see the flurry of activity that Christmas normally brings with most tenants opting to offset any decisions until the New Year. As a … Continue reading

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North Sydney

What has changed in your market between Q3 and Q4? There was an increase in real demand as we moved into the final quarter of 2013, particularly in North Sydney. Prospective interests will evolve into completed transactions in 2014; we … Continue reading

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Parramatta

What has changed in your market between Q3 and Q4? We have seen an increase in market confidence with a number of businesses providing a positive outlook for 2014. Enquiry levels have also increased as a whole, particularly from SMEs … Continue reading

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Perth

What has changed in your market between Q3 and Q4? The Perth market remained subdued in the last quarter of 2013, with minimal enquiry, increases in vacancy, falling rents and increasing incentives. Less than 20 CBD deals larger than 500 … Continue reading

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Sydney CBD

What has changed in your market between Q3 and Q4? Sentiment was definitely on the increase in the final quarter of 2013. A change in government, promising a much greater focus on the business sector, had the desired effect of … Continue reading

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Sydney Metropolitan

What changed in your market between Q3 and Q4? The final quarter is traditionally the busiest of the year and 2013 was no different. We expect to be able to report some healthy market activity for the metropolitan market for … Continue reading

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