Website realestateview.com.au leases Cremorne office

Real estate agents own realestateview.

Small property listing portal realestateview.com.au – which is co-owned by a handful of real estate agents – is the latest media company to relocate its headquarters to Cremorne.

The listing portal has committed to 220 square metres within Building 5, 658 Church Street following a deal negotiated by Colliers’ James McMahon and Chris Meehan.

The space was formerly occupied by Nexus Sales and Marketing.

Realestateview will relocate from 405 Burwood Rd, Hawthorn East – a space which is now available for rent, along with building naming rights.

“We have seen a large amount of demand for sub-300 sqm tenancies this year with boutique agencies wanting to position themselves within Richmond and Cremorne,” Mr McMahon said.

“Because of this, we sub-divided the floor into two smaller tenancies and undertook a creative refurbishment”.

“The demand stems from boutique agencies wanting to provide their staff with an array of amenity from different cafes and bars. Further to this, by positioning the business within the thriving hub…they are able to attract a large amount of talent”.

By February 2020, MYOB said it should be Cremorne’s biggest occupier – after an 8800 sqm commitment at 17-21 Harcourt Parade.

Last month we reported that Sony Music had leased a high-end office, fitted within an old warehouse, at 5 Stewart Street, Richmond.

REA Group, the owner of market-leading property listing websites realestate.com.au and realcommercial.com.au, occupies 511 Church Street, Richmond.

Other high-profile occupiers in the pocket include Walt Disney Corporation, online job listing company, Seek, Tesla and Uber.

Early last year, retail groups Country Road, which was headquartered within Building 3, 658 Church Street, and David Jones, which was based at Sydney, consolidated into a Growthpoint office known as building 2, 472 Swan Street, Richmond.

Last June, 7-Eleven announced it would relocate its centre of operations from suburban Mount Waverley, to Building 2, 658 Church Street.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.