OFFICE SPACE SQUEEZE

5 Aug 2016

As we’ve been saying for some time now, the squeeze for office space availability is in full swing. Three factors are at play - increased employment is creating more demand, many older office buildings are being converted to residential and the new metro rail system has led to resumptions in places like the City, North Sydney and Crows Nest. For tenants, brush the dust off that old lease - you will be paying more rent. For owners, now’s the time to talk to your managing agent and plan your strategy. Your agent should be in touch with what’s happening in your area and be able to offer advice. Need some help or information? Contact Sam Hill on 0419 747 440.