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June Quarter 2019 Commercial Real Estate Update

June Quarter 2019 Commercial Real Estate Update

Research from Core logic shows Melbourne commercial property sales has significantly increased in the past three months, and the trend is expected to continue. Recorded sales in the quarter ending June 2019 were 3x higher than the previous quarter ending March 2019 with $1.897 billion in sales compared to $615.4 million and $621.5 million in […]

Melbournes Office Space Boom

Melbournes Office Space Boom

According to the latest research by BIS Oxford Economics, Melbourne’s office market boom will continue until at least 2024. With rents in prime locations to rise another 30-40% during the next five years While the present record low CBD vacancy rate of 3.2% is expected to move up, slowly rising above 5% in 2020 as […]