Treasurer Fiona Lin. “The biggest issue there in the past has been lack of amenity but that’s rapidly changing with so many new developments changing the landscape.”Based on Colliers International’s estimates, vacancy in A-grade office accommodation was very low in these fringe areas at 2.6 per cent, or 5780 square metres out of total A-grade stock of 221,812 square metres, said Louise Rowe, national director office leasing Colliers International.“What we’re seeing from traditional CBD-based clients is that they’re looking for different and cheaper premises for their back-of-house functions,” said Rob Gishen, director office leasing at Colliers International, specialising in the south Sydney market.“It’s all relative. Hilarium Club Sydney | Kings Cross Hotel - 244/248 William St Potts Point info.

George Place Foyer | 363 George Street, Sydney. The Sydney Fringe Festival 1st - 30th September.
Many companies have to keep their head offices in the CBD to preserve status as a main player and to service their clients face-to-face, but they’re now rethinking their strategies on everything else. There are a lot of amenities in those areas and they’re competing with the city at $1000 to $1300 net.”“So they’re taking advantage of cheaper rents outside the CBD to relocate parts of their business, like shared services, finance, call centres and other functions to alternative locations.”

He held the role of Chair when he completed his term in 2018. Fringe HQ - The Box Office | 24 Bayswater Rd, Potts Point 2011.

Back VISION STAFF AND BOARD WORK WITH US LEADERSHIP AND ADVOCACY FAQ FESTIVAL ARCHIVE 2020 PARTNERS 2019 PARTNERS ACCESS Cart 0. Sydney’s fringe office leasing market is likely to be one of the few winners from the COVID-19 pandemic, property experts believe. “This area has a high footprint of the creative, technology, and education industries, with progressive work environments, including sophisticated flexible working policies and [they] are already familiar with remote working,” he said.Collier’s Mr Gishen said from the airport to Mascot there was a lot of A-grade space priced at between $460 and $480, maybe a total of about 6000 square metres, but a low vacancy rate of 2 per cent.“Leasing activity mostly comes from smaller organisations, but also those in the healthcare and social assistance sectors who are looking to leverage off the Royal North  Shore Hospital and new related office developments in the immediate area,” said JLL’s Mr Lynch.“There is limited prime-grade contiguous space within the market despite vacancy sitting at 8.5 per cent as at 1Q 2020, although a number of new developments completing over 2020 and beyond will assist.”Keep up with Commercial Real Estate news.“But there’s a lot of approved DAs waiting for tenants to pre-commit, as there’s not much speculative building going on, especially with COVID-19,” he said. “I think it’s been the most untapped market in Sydney as there’s a lot of employment between the CBD and the airport.”Many fringe and suburban markets have seen rents grow by 25 to 30 per cent in the past three to four years, off the near 50 per cent growth in CBD rents, Mr Harb says.Many companies have to keep their head offices in the CBD to preserve status as a main player and to service their clients face-to-face, but they’re now rethinking their strategies on everything else.South Sydney, especially those areas between the airport and the CBD, has become a favourite option, but many are also looking for areas further out that may offer better value.“But there’s a lot of development happening and 170,000 square metres more space will come online by 2022, although 120,000 of that is pre-committed.” Rents are currently $620 to $650 net for new A-grade and existing A-grade is $570 to $600 net.“Macquarie Park offers the best value,” said George Harb, Cushman & Wakefield’s NSW head of metropolitan office leasing.
Directors Louise Fischer Danika Houghton Jeremy Moller. Sydney’s fringe office leasing market is likely to be one of the few winners from the COVID-19 pandemic, property experts believe.So how do these markets compare?Vacancy in this precinct is at its lowest on record, at 4.4 per cent or 37,753 square metres out of a total stock of 859,034. "It is a slight relief but also terribly sad."Josh Dye is a news reporter with The Sydney Morning Herald."The tricky thing with festivals is they have quite a structured lead time. Address: 5 Eliza Street, Newtown 2042 Office Hours: Monday - Friday 9am to 5pm Telephone: (02) 9550 6087 Email: hq@sydneyfringe.com ABN: 1639 398 7277

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