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1.Market Observations, 8.Was Sticky

4 Feb 2020 (AFR) – Office leasing: Smaller digs prove popular as office space race heats up

(4 February 2020, AFR, p34, Nick Lenaghan, Property Editor)

Enquiries for office space (Colliers International, AFR)

Enquiries for office space (Colliers International, AFR)

‘The demand for office accommodation rose 25 per cent in the last quarter compared with a year earlier, and smaller office spaces proved the most popular. Total demand hit 530,369 square metres in the fourth quarter of 2019, according to analysis by Colliers International. The appetite for accommodation under 3000sq m outstrips the demand for larger areas. There was a  12 per cent increase in demand for space under 1000sq m and a 22 per cent rise for that between 1000 and 2999sq m last year.’

Read more at AFR.com (might need AFR login access)

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