Adelaide CBD Office – realestatesource

A NEW $200 million office building will be developed in Adelaide, after the Australian Taxation Office agreed to be anchor tenant.

The ATO, which also recently anchor tenanted a Melbourne building some say it didn’t need, will occupy 30,000 square metres of a building at Franklin Street, being developed by Western Australian based Aspen Group.

Aspen’s Tower 8 project will be bound by Waymouth, King William Flinders and Bentham streets, according to Adelaide Now, which announced the deal yesterday.

National

Office Sector Set to Strengthen in 2011: Report

January 10, 2011 Marc Pallisco Adelaide CBD Office, Brisbane CBD Office, Canberra CBD Office, CBD Office, Melbourne CBD office, Perth CBD Office, Sydney CBD office

LAST year, by and large, residential landlords were the investors best able to reap the rewards of a short supply, by boosting their rents.

This year however, may be year of the office landlord.

According to a new report by commercial real estate agency Colliers International, office rental costs are expected to increase in most capital cities, because of a shortage of new supply and an improving economy.

It expects office vacancies to fall in all major CBD office markets expect Brisbane (which already has a high 9.6 per cent vacancy).