Tuesday, 24th October 2017

New South Wales

Sydney CBD Commercial Vacancy Rate Update

• Sydney Metropolitan Vacancy Rates – steady at 2%.

Wetherill Park Industrial Leased

• Sabi Foods Australia has leased a 2071m² office/warehouse at 10 Bushells Place, Wetherill Park for $115/m² of a private investor.

Rydalmere Industrial Leased

• A private tenant has leased a 1564m² office/warehouse with parking at 6 Pike Street, Rydalmere from Direct Developments on a net annual rent of $150/m² ($234,600*).

Victoria

Fitzroy Retail Leased

• Two Website Development Businesses have committed to a 215m² ground-floor 4-year lease at 188-196 Gertrude Street, Fitzroy for a net annual rent of $132,500 on an initial 3-month rent free period.

Melbourne CBD Retail Leased

• Kinly Eyebeauty has leased a 756m² ground-floor space at 360 Bourke Street, Melbourne on a gross annual rent of $600,000.

Queensland

Forest Glen Industrial Leased

• Country Chef Bakery Co has committed to a 3731m² warehouse with 351m² office at 84 Sandalwood Lane, Forest Glen for a net annual rent of $340,000.

Tingalpa Office/Warehouse Leased

• A construction company has signed a 3-year lease with options for a 1704m² office/warehouse at 19 Millenium Place, Tingalpa on a net annual of $196,000.

Greater Springfield Residential Development Site Acquired

• Stockland has acquired a 40-hectare site within Greater Springfield – Ipswich for $21 million ($525’000/Ha); securing pre-emptive rights to buy and develop the remaining 136 hectares.

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