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Macquarie Park market slows
Sales over the three months to December 2009 totalled over $27.2 million, a decrease from the $42.9 million recorded in September 2009 and the $27.6 million recorded in June 2009.The latest research from Cityscope regarding sales in Macquarie Park’s major commercial centres has found the market to sliding back down from the upward trend recorded in the the previous quarters.

Return of investor sentiment
The survey, conducted in October amongst investors controlling more than $121 billion of real estate, paints a very different picture from twelve months ago, when sentiment towards commercial property investment was experiencing a rapid decline, with investors now optimistic of both short and medium term gains.The Jones Lang LaSalle 2009 Survey of Investor Sentiment has found that short-term commercial investor sentiment has sharply reversed from 2008, with respondents expecting improved investment performance and transaction volumes in 2010.

Brisbane market to recover
While 2009 has found to have been a challenging year for Brisbane commercial property by agents of Jones Lang La Salle, activity at the close of the year exceeded most expectations held at the beginning, with signs of the emerging recovery set to gain momentum in 2010.

Chatswood drops off
Sales over the three months to December 2009 totalled over $19.7 million, a decrease from the $27.1 million recorded in September 2009 but an increase from the $8.7 million recorded in June 2009.The latest research from Cityscope regarding sales in Chatswood’s major commercial centres has found a drop in the market from the jump in sales recorded in the previous quarter.

Melbourne CBD grows with population
The Melbourne CBD Core Retailing report found that more than 100,000 sqm of retail floorspace has been added to the CBD over the past five years while Victoria’s population has increased.A new Savills Australia report has found that Melbourne’s population growth, particularly its CBD component, is underpinning a robust retail market encouraging new development, investors and tenants.

Parramatta picks up
Sales over the three months to December 2009 totalled over $59.2 million, an increase from the $25.2 million recorded in September 2009 and the $17.7 million recorded in June 2009.The latest research from Cityscope regarding sales in Parramatta’s major commercial centres has found the market to be on the rise, continuing the upward trend of the previous quarter.

Market move gathers momentum
Image originally from Melbournemarkets.com.auEarly works are understood to have commenced at the site of the new Melbourne Wholesale Fruit, Vegetable and Flower Markets.

Brisbane offices underestimated
Jones Lang LaSalle national director of office leasing, Mark Curtain, said that while research companies have placed the Brisbane office market low on the recovery scale, the coalface is telling a very different story with inquiry gathering great momentum, leases being snapped up and sub-lease space being retracted to accommodate expansion.Research from Jones Lang LaSalle has found the Brisbane office leasing market to be both stronger and carrying more momentum than previously thought.

Devine Sale
142 Alice Street Brisbane. Photo by Cityscope.jpgA Brisbane CBD building and adjacent vacant land have recently been sold by Ray White Transact and Jones Lang LaSalle.

YMCA sells surplus
19 Goold Street, Chippendale.jpgA 439 sqm car park in Chippendale, New South Wales, has been sold by Tim Green Commercial on behalf of the Young Men’s Christian Association (YMCA).

Challenges come to Canberra
A new CB Richard Ellis report has found that while Canberra’s commercial property sector has survived the global financial crisis relatively unscathed, the market must still overcome the short term hurdles of the next Federal Election and the current budget deficit.

Increased demand and tighter vacancy
The Colliers International Metropolitan Office Market Indicators Reports for Spring 2009, shows tenant demand in Australian metropolitan markets to be steady and rising.New research from Colliers International has found employer sentiment to be up in all Australian states, strengthening tenant demand and setting up record incentives to come off over the next twelve months.

Slowdown in Canberra

Sales over the three months to November 2009 totalled over $122.4 million, a decrease from the $294.5 million recorded in August 2009 and the $161.4 million recorded in May 2009.The latest research from Cityscope regarding sales in Canberra’s major commercial centres has found a drop in the market from the high recorded in the previous quarter.


Sustainability survey's solutions
The 2009 CoreNet Global and Jones Lang LaSalle sustainability survey has found that 89% of corporate real estate executives consider sustainability criteria in making leasing decisions, and 90% consider energy labels such as NABERS Energy in administering their portfolios.  A new survey of corporate real estate executives has found that companies are considering green building and energy ratings when making leasing decisions.

Sales sluggish in Southbank
Sales over the three months to November 2009 totalled over $188.6 million, a decrease from the $264 million recorded in August 2009, though it was higher than the $150.8 million recorded in May 2009.The latest research from Cityscope regarding sales in Southbank’s major commercial centres has found the market to be falling from the high recorded in the previous quarter.

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