Buyer interest in smaller CBD office spaces picks up
By Bianca Dabu
05 May 2021
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1 minute read
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In a sign that the CBD is rebounding following a tough 12 months, Sydney’s office market has witnessed record-breaking sales deals across its CBD.
Recent strata sales records have revealed a rise in interest for positioned commercial strata assets in the CBD despite some market commentary to the contrary over the past 12 months.
The spike in interest has been driven by low interest rates and improved sentiment across the CBD office market, according to Knight Frank.
But requirements have certainly changed, with Knight Frank’s Jessen O’Sullivan noting a clear move towards smaller spaces, particularly under 100 square metres, as businesses shift from needing a larger footprint in the CBD.