Written by John Siciliano
During our most recent 282m² (approx.) strata sale campaign for an office floor at Clarence Street, Sydney, we witnessed the tightening of the Sydney CBD office market and upward pressure on office rents facilitating active and genuine enquiry for tenants to becoming owner occupiers.
This upward pressure on office rents has created an environment whereby a prudent tenant with an upcoming lease expiry can self-fund the cross over to becoming a strata owner / owner occupier. Additionally, with continued government infrastructure works in conjunction with other office stock withdrawals for refurbishment, will further increase strata demand which will in turn lead to increase in strata rates.
We believe that any tenant with an upcoming lease expiry within the next 12 months should strongly consider and actively pursue the purchase of strata office accommodation.
For assistance or advice please call us for a confidential discussion on 02 9739 9788.