This article is from the Australian Property Journal archive
MID-to-large tenants remain on the lookout for office space in the Sydney CBD, according to Savills Australia, which has negotiated six leases in recent months.
Savills national head of office leasing Rob Dickins said the agency has negotiated a number of larger-sized Sydney office leasing deals in recent months, including:
· 2,689 sqm to Teachers Health Fund at 260 Elizabeth St
· 2,657 sqm to NASDAQ at 155 George St
· 2,500 sqm to Smart Salary at 133 Castlereagh St
· 1,301 sqm to Brown Forman at 260 Elizabeth St
· 1,087 sqm to Thiess at 135 King St
· 1,000 sqm to Aegis Media at 8 Windmill St, Walsh Bay
“These deals demonstrate that there is still good levels of activity for quality mid-to-larger sized office accommodation. We are still in an active phase in the Sydney CBD office market, with new requirements continuing to flow in from direct enquiry and market briefs.
“With a number of these from companies without a current presence in the Sydney CBD, this is creating strong net absorption and points to a tightening of prime full floor supply levels,” Dickins said.
Property Review
