Thursday, 2nd August 2018

National

Office Vacancy Rates (SMH)

• National office vacancy rates are at all time lows within all capital cities across the country. Melbourne has recorded a 3.6 percent rate and Sydney has a 4.6 percent rate within their CBD office markets.

New South Wales

Chatswood Retail Shop Sold (AFR)

• A Korean investor has acquired a 74m² retail shop at Shop 22 at 445-449 Victoria Avenue, Chatswood 2067 for $1.232million ($16,649/m²).

Alexandria Office/Warehouse Sold (AFR)

• A private investor has acquired a 211m² office/warehouse unit at 110 Bourke Road, Alexandria 2015 for $1.1million ($5,213/m²).

Victoria

South Melbourne Office Building Sold (AFR)

• Private investors have acquired an office building with 1,055m² of GFA at 30-38 Thistlethwaite Street, South Melbourne 3205 for $6.5million ($6,161/m² of GFA).

Burwood Retail Property Sold (AFR)

• Private Investors have acquired a retail property with 458m² of GFA at 41-51 Burwood Highway, Burwood 3125 for $4.6million ($10,044/m²).

#OfficeVacancyRates #ChatswoodRetailShopSold #AlexandriaOfficeWarehouseSold #SouthMelbourneOfficeBuildingSold #BurwoodRetailPropertySold