PropertyCommercialProperty ObservedPrint articleThe office market’s dirty secretIn many cases, incentives offered to office tenants are so big they exceed the cost of the fitout. So why not just reduce the rent?Robert HarleyContributorMar 19, 2025 – 5.23pmSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLast December, supermarket giant Coles signed up to move its headquarters from the Melbourne suburb of Tooronga to the former Medibank building, adjoining Marvel Stadium, in the city’s Docklands.The lease, for 20 years, is a huge move for Coles, a big win for the building owner, Cbus Property, and a plus for Docklands, which, with a 19.9 per cent vacancy at the start of January, is one of the nation’s office precincts hardest hit by the COVID-19 retreat.Loading...Robert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.auSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleIntroducing your NewsfeedFollow the topics, people and companies that matter to you.Find out moreRead MoreProperty ObservedOfficeCommercial real estateLeasingLatest In CommercialFetching latest articlesMost Viewed In PropertyThe Australian Financial Review MagazineCrocs turn 23 years old. Time to grow up and get shoesLauren SamsOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneOut-of-control watch price rises give housing a run for its moneyBOSS Financial ReviewWhat happened when Domain learnt it spent $36m a year on meetingsEuan BlackThe country’s highest-paid directors revealedHow this Melbourne engineer became a boss at a $24b global giantLife & LeisureThe Australian gallery that made art fun turns 20Stephen ToddThe eight extraordinary hotel openings in Europe to book this summerHow the Hawke’s Bay wine region weathered its most challenging yearRich ListProperty billionaire Nick Andrianakos dies in GreeceYolanda RedrupCannon-Brookes describes ‘deep internal conflict’ over his private jetOscar Piastri on the secret of his $41m-a year success
