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CBD strata office market in hot demand

Finance Markets / Market Trends

Australia

Jul 01 2017

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Carolyn Cummins, The Sydney Morning Herald

The low interest rate environment has seen a rise in demand in the Sydney CBD sub-$5 million office strata market as small businesses, who are tenants, are now getting a better return through buying the properties.

Sydney CBD strata sales reached about $160 million for the past 12 months on individual rates averaging $10,000 to $12,000 per square metre per annum.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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