Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Time to Secure New Lease; Incentives to Take Up Quality Office Space Drying Up Quickly

Newspaper article Sunshine Coast Daily (Maroochydore, Australia)

Time to Secure New Lease; Incentives to Take Up Quality Office Space Drying Up Quickly

Article excerpt

Byline: Conrad Pedersen of Colliers International

WE all look around and see that commercial construction has stopped. For lease signs are hammered in, six-deep on most street corners. The papers tell us that the town's developers are selling their land, and selling their homes. The jobless rates are the highest since 2004, and Kevin 07 says we've still got some economic problems to come.

Apart from the state government's new 10-level office tower in First Avenue, Maroochydore, it is true that office construction has all but stopped. Most commercial development sites are for sale.

Yet the reality is that completed A-grade office is quickly being taken up. That is why there are so many signs going up on secondary space around the coast. Incentives to take up A-grade space have also already begun to dry up. Colliers International are encouraging all business owners whose leases are due to expire within the next 12 months to start looking around now.

If a prime CBD location is not preferable there are also excellent opportunities to lease or buy in older buildings in well exposed or boutique locations. Consider 143sq m at the corner of Elenora and Brisbane Road, Mooloolaba for $265 per sq m. The space is air-conditioned, fitted out with reception, kitchen and four offices and open plan workspace including boardroom. It has showers, off street parking and excellent street profile. Owned by a realistic lessor who is willing to negotiate terms, this is an excellent opportunity that will be taken up quickly. It's open for inspection on Wednesday 11am-12pm.

Colliers International also offers 147sq m in a boutique building at Denna Street, Maroochy Waters, fully fitted out, off-street parking, security system and totally cabled, the suite is air conditioned and is easily accessible. At under $300 per sq m gross to lease it is a great option for those who are happy to escape the CBD. …

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