March 2014

March 3, 2014

The centralisation trend in Melbourne is set to continue in 2014

Average incentives in Melbourne CBD office markets continued to increase this quarter, albeit fractionally, to an average of 37 months free (assumed 10 year lease term).

ABS estimates reveal that if current growth trends prevail, the Victorian capital will overtake Sydney as the nation’s most populous city by 2053.

Coupled with stagnant effective rents and high vacancy, the CBD is presenting an ever attractive value proposition for businesses hoping to upgrade their current tenancies.

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