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Capital cities office vacancies lowest in four years
Getting a sandwich in the city at lunchtime is taking a lot longer these days.
Carolyn Cummins is Commercial Property Editor for The Sydney Morning Herald.
Getting a sandwich in the city at lunchtime is taking a lot longer these days.
Sydney is to get a swath of new hotel rooms to cater for the growth of inbound tourism and the rise in demand from business travellers who want facilities close to the airport and accessible to the city.
The lack of supply due to construction works and increasing numbers of new brands looking for a shop has underpinned the prime retail sector in Sydney and led to a growth of about 10 per cent in rents, quarter on quarter.
Takeovers of real estate investment trusts at the smaller end of the index are dominating the headlines in the lead-up to the full-year reporting season.
JB Hi-Fi chief executive Richard Murray remarked in January at the KPMG's Couta Boats regatta that he would like to see penalty rates on Saturdays and Sundays "better aligned".
The dash for high-end office towers has seen more than $4 billion worth of asset change hands along the Eastern seaboard in the past two months, triggered by the strength in the underlying leasing market.
Investors have earmarked beachside suburbs as offering the best growth potential
It has been a busy start to the new financial year with capital raisings, takeovers and flat trading conditions for some of the development-focused real estate investment trusts.
Sydney's Warwick Farm is to be the home of the latest upmarket hotel
Annabelle Boyd has sold a 349 sqm site at 374 Pacific Highway, Lindfield to SNP Investments for $4.8 million.
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