Posts Tagged ‘A-grade office’

AUTUMN – THE SEASON FOR STATISTICS

A quarter of another year has drifted past with the statisticians and economists rattling off
new numbers to help us understand how we are progressing. But can we understand? The St George Banks Economist Hans Kunnan at a recent breakfast says of the Hunter,  things are rosy; no worries go out and spend. Fancy a banker saying that? The Hunter  Research Foundations (HRF) Dr (I’m not an economist) Brent Jenkins basically said things  aren’t bad but why are we feeling … Read the full post »

Life At Throsby


Wickham has undergone many changes over the years.  From its origins as an industrial suburb that housed many of the cities woolsheds, rail yards and port related services together with residential minors-hut type dwellings; to the modern suburb which has seen a metamorphosis of old industrial type buildings being converted into residential dwellings or demolished altogether and developed into new mixed … Read the full post »

Raine & Horne Industrial Average Just Released

Once a year the big talk in property circles is about is about the Property Council’s Office Market indicator. Yet is this a true reflection of the state of our regional economy? The focus has always been about the CBD of Newcastle when the majority of the people of the region rarely if ever come into the centre of Newcastle. Raine & Horne Commercial Newcastle has just released its half … Read the full post »

What's Happening in the Real Estate Sector?

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Recently Newcastle was lauded for having the lowest A-Grade vacancy in Australia at (2.7%).  This is a tremendous result, but is the market really that good?  It’s my belief that the take up in A-Grade space is a clear signal that some of the mature firms around the City are looking to better their image and provide a working environment conducive … Read the full post »

COMMERCIAL MARKET HOLDS UP WELL!

web1The release of Property Council figures for commercial office space in Newcastle shows that A-Grade office space has a vacancy rate of only 5%.

Alan Tonks of Raine & Horne commercial said that this is very low compared to other Australian city markets.  “Because there has been little new development in the city centre over the last 5 years the vacancy rate … Read the full post »

Office Space Still in Decline in Newcastle

20090825_0798 (Small)Recently the Property Council of Australia held their annual conference where they released the office vacancy data for both metropolitan and regional areas across Australia.

With a hot breakfast in front of us and a ballroom full of eager participants, we were keen to see how our steel city had faired against the major players of Sydney, Melbourne, Brisbane & Perth.

Whilst … Read the full post »