Melbourne set to hit one million square metres of space
Ongoing developments in Victoria's capital will now allow the city to reach a milestone in ...
Ongoing developments in Victoria's capital will now allow the city to reach a milestone in terms of commercial real estate.
Over one million square metres of A-grade fringe office space will soon become available in the Docklands district as a number of constructions projects are completed over the next few years.
Developments at La Trobe Street, Collins Street and Bourke Street alone will see a combined total of 281,000 square metres hit the market in Melbourne.
These new premises are sure to attract some large firms looking to gain a foothold in Victoria's capital city - perhaps giving retailers and smaller professional an opportunity to capitalise on increased pedestrian traffic.
Melbourne is currently home to a number of big businesses - ANZ, BHP Billiton, NAB, Rio Tinto and Telstra to name a few - and with more companies looking to upgrade their premises in an effort to attract and retain talented staff, this trend could be set to continue.
Such high levels of development are a testament to the strength and stability of the local office rental market - with modern accommodation nearby for many workers and solid opportunities for small businesses and boutique firms to provide specialists services to the new wave of employees set to populate the city in the coming years.