Prime office building in affluent Hawthorn sells for $8,350,000 amid heated buyer contest
17 October 2019
A local family has snapped up a high profile 1,039sq m commercial site in affluent Hawthorn for $8,350,000, following a race to secure a rare and exceptional investment opportunity within one of Melbourne’s most coveted inner suburbs
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Prime Benchmark, July 2019
05 September 2019
Prime office rental markets in most cities are now in a late up-cycle. The prime markets recorded rental movements from -3.0% (Shenzhen) to +16.3% (Ho Chi Minh City). In China, negative rental growth was seen in Shenzhen (-3.0%), Beijing (-1.4%) and Guangzhou (-0.4), with the exception of Shanghai (0.1%). The sluggish GDP growth of 6.2% in Q2/2019, the trade war and ongoing deleveraging by the central government will continue to put downward pressure on the office sector. In Ho Chi Minh City, investor appetite was strong because of its healthy domestic office market demand and low vacancy of less than 2%. Hong Kong remained the most expensive prime office market in the region.
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