A U S T R A L I A C O V E R E D
6018B5FL6 6018B5FL6
VICTORIA Leading Australia’s economic recovery, however business confidence remains conservative. The Melbourne CBD office market is now 24 months into a leasing market recovery and a record number of leasing enquires have been recorded since the start of 2015, resulting in positive net absorption of 141,500 sqm over the past 12 months. Our analysis of leasing enquiry shows that 60% is for space less than 1,000 sqm which suggests organic growth in the small business sector is starting to drive economic recovery and this coupled with continued centralisation is driving leasing enquiry. There are a number of industry sectors driving activity – the most active are the professional and financial services sectors. The IT sector is also expanding and at a faster rate than other sectors as their clients seek to become more innovative with technology to boost productivity. The request for “funky….boutique space” is common and not just from technology companies. More than 68% of tenants seeking
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VICTORIA<br />
Leading Australia’s economic recovery,<br />
however business confidence remains<br />
conservative.<br />
The Melbourne CBD office market is now 24 months into a leasing market recovery<br />
and a record number of leasing enquires have been recorded since the start of<br />
2015, resulting in positive net absorption of 141,500 sqm over the past 12 months.<br />
Our analysis of leasing enquiry shows that 60% is for space less than 1,000 sqm<br />
which suggests organic growth in the small business sector is starting to drive<br />
economic recovery and this coupled with continued centralisation is driving<br />
leasing enquiry.<br />
There are a number of industry sectors driving activity – the most active are the<br />
professional and financial services sectors. The IT sector is also expanding and<br />
at a faster rate than other sectors as their clients seek to become more innovative<br />
with technology to boost productivity.<br />
The request for “funky….boutique space” is common and not just from technology<br />
companies. More than 68% of tenants seeking
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