St. Leonards and other second CBDs see strong office rental growth

August 31, 2018 by  

Sydney’s CBD is finding strong competition in the office space market from several suburbs across the metropolitan area, including St. Leonards on the Lower North Shore. Increased city-wide commercial activity means it is important for companies to keep their business cards and logo design up to date.

The latest edition of the Office Market Report from the Property Council of Australia (PCA) finds that other parts of the North Shore including Macquarie Park and Chatswood are also seeing an uptick in office vacancy levels. In the six months to July a drop of 1.6 percentage points was reported in the area across the harbour from the main CBD.

Paul Lynch of commercial property management firm JLL believes residential development activity coupled with significant new office investments in the North Sydney area are behind the improvement.

"It’s also a persuasive influence in attracting corporates to relocate from the Sydney CBD."

he told the Sydney Morning Herald.

Parramatta in western Sydney remains a leader in business activity, reporting the lowest office vacancy rate in the country at 3.2 per cent in the six months to July. All types of office stock in the area from Premium to D-grade are said to be running up against their maximum capacities. The PCA has called for a continued focus on encouraging new investment in local council planning policies in order to keep up with demand.

St Leonards artists’ studio takes creative payment method

July 15, 2018 by  

Sydney’s lower north shore has become home for 70 artists who pay for their residential accommodation through a system of Medici-like patronage.

In lieu of rent, artists at [Read more]

Height limit for St Leonards construction doubled

June 20, 2018 by  

North Sydney Council has backed plans to increase the height limit of a proposed development at St Leonards.

Councillors unanimously approved to [Read more]

St. Leonards set for more high-end residential accommodation growth

May 16, 2018 by  

The suburb of St. Leonards on Sydney’s North Shore is set for a dramatic expansion in residential accommodation as more new developments come to the area.

Already a well-established commercial hub and [Read more]

Developer reveals design of future civic square

April 10, 2018 by  

The exterior design of the new civic square of Sydney’s lower north shore has recently been unveiled.

This major project located at [Read more]

New development project planned for St. Leonards

March 31, 2018 by  

A $1.6bn new development by JQZ is set to transform the skyline of St Leonards over the next four years.

The project [Read more]

Plans for new high-rise in St. Leonards

February 12, 2018 by  

St. Leonards may get a new 43-level tower as an addition to its current skyline, based on a development proposal submitted to council by [Read more]

St. Leonards makes well-educated list in Sydney

January 20, 2018 by  

The 2016 Census has revealed the various educations levels of residents in Sydney suburbs, including some interesting changes since the previous study was carried out.

For example, the [Read more]

St. Leonards office building part of big Centuria REIT deal

December 13, 2017 by  

Under a new deal by Centuria Metropolitan REIT, 50% of interest in a Sydney lower north shore building on 201 Pacific Highway, St. Leonards has been purchased for $86m. The other half of the [Read more]

St. Leonards appears in list of 2018 hot Sydney suburbs

November 30, 2017 by  

Douglas Driscoll, CEO of real estate group Starr Partners, has shared his opinions on the top 10 suburbs of Sydney that may boom in 2018.

According to [Read more]

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