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CBD office market recovery unde...

CBD office market recovery underway

There has been a surge in the Australian office space market, figures show.

A prospering city is one with a thriving white collar workforce, with a high demand for office space and skilled staff.

According to new figures from Colliers International the office market in Australia's central business districts has seen a huge surge in enquiry levels in the first half of 2013.

Data shows that there has been a 33 per cent rise in enquiries, with 310 more registered for an additional 273,989 square metres of office space in the 12 months to June.

Colliers said that the higher enquiry figure activity demonstrated the strength of Australia's office markets and its speedy recovery over the past few months.

Simon Hunt, Colliers' office leasing managing director, said: "We have heard a lot of doom and gloom about the office leasing market this year, but the facts are that there is activity in the market.

"Small and medium-sized tenants are in the market looking to secure a good deal, and are helping to drive current levels of activity."

Posted by Craig Francis

 

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