Within CBDs around Australia, the number of whole Office floors available to tenants is falling rapidly.
In the last post, you heard about the general decline in Office vacancy is within the capital cities.
But here, you’re looking at a situation where large corporate tenants will find it increasingly difficult to secure whole floors within quality buildings — according to Savills Research.
While Sydney still has a greater number of full floors available, these should quickly be taken up with increased activity from the finance and insurance sectors.
Bottom Line: This will put upwards pressure on Office rentals around Australia; and underpin good growth prospects for Commercial landlords, over the next 3 to 4 years.