NewsBite

Tenants race for top towers as B-grade buildings empty

Nick Lenaghan
Nick LenaghanProperty editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The amount of office space leased in the country’s best office towers is rising while demand for secondary buildings is contracting, as the divide between CBD winners and losers sharpens.

A breakdown of the overall take-up of CBD office space over the first quarter – described as “net absorption” in the commercial real estate sector – shows 190,300 square metres was leased in the prime office towers over the 12 months to the end of March. In contrast, negative 233,700sq m was leased in secondary buildings over the same period, according to a JLL analysis.

Loading...
Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/link/follow-20180101-p5fkuw