DEVELOPER preparedness to construct property without a tenant pre-commitment is spilling into the retail sector, with middleweight developer Omni Property Group this week announcing plans to speculatively develop a bulky goods showroom and gymnasium in Carnegie.

The REIV has released its rental vacancy figures for the month of March, which show that the Melbourne rental market remains tighter than at any other time in the past 25 years.

PRIVATE investor demand for suburban shops continues to surge, with three shops selling at auction for far higher than their reserves.

THE federal Liberal Party has taken a 12-month lease for about 1650 sq m of office space at 120 Collins Street. The space became available earlier this year after Citibank reorganised its office occupation, shrinking its occupancy in the premium-grade building from four levels to three.