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1.Market Observations, 8.Was Sticky

6 Oct 2016 (AFR) – Sydney’s secondary office rent threat to business as it punches through $1000

(6 October 2016, AFR, p35, by Matthew Cranston)

‘Renting a secondary grade office in Sydney has never been more expensive with several deals having pushed the price for B-grade space over $1000 per square metre for the first time in the city’s history. The price hike is being driven by a supply shortage caused by the resumption of building for the city’s new metro rail and the conversion of other office buildings into residential properties.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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