Thursday, 2nd August 2018
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).
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).