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Dexus says office markets entering a ''golden period''

People & Companies / Latest News

Australia

Aug 19 2017

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Carolyn Cummins, The Sydney Morning Herald

Dexus Property has made the call that the Sydney and Melbourne office markets are entering a golden period of high demand, low vacancy and few new developments, for at least another three years.

This will lead to net rental growth, where incentives in contracts will be lower as landlords won't have to offer as many enticements to attract tenants. The urbanisation of cities will also see more office towers converted to flats and hotels, taking even more office space out of contention.

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

SOURCE: The Sydney Morning Herald

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