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Perth, Brisbane leasing shows signs of revival

The number of inquiries into commercial properties in Brisbane and Perth has increased recently, it has been claimed.

Leasing agents in the Brisbane and Perth office markets have noticed an increase in the number of inquiries they receive from mining companies.

Campbell Tait, who is in charge of the Brisbane central business district (CBD) office leasing for CB Richard Ellis, told the Australian newspaper that the number of tenants inquiring about office space had increased since the country's prime minister watered down the resource super-profits tax (RSPT).

He went on to say, however, that this interest is yet to translate into set-in-stone deals.

The newspaper reports on Colliers International figures, which show that 15 per cent of leasing deals in major CBD office markets in the first six months of last year were made by the mining and agriculture sector.

This fell to just two per cent for the first six months of this year when the RSPT announcement was made.

Last month, a report from CB Richard Ellis revealed that, across the country, sales of commercial property more than doubled to $2.6 billion (£1.6 billion) in the third quarter of the year.

Posted by Craig Francis

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