HOW CBD OFFICE MARKETS ARE CHANGING IN AUSTRALIA
Hi all,
I had been waiting to get some decent news from the commercial property sector as a real estate agent in 2021, and it happened. While the warehouses were performing well, the office properties also have started looking up. It has been wonderful to know that the rental prices have not gone down in the CBD. Many landlords have been offering incentives that are appealing for the tenants who want to stay in the CBD and enjoy excellent lease terms. Also, many landlords are allowing subleasing which is helping businesses cover for the rental payments. IN addition, there are co-working spaces coming up in the CBDs. Here is an article that will shed some light on the topic.
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