There has never been a better time to lease or buy office space. However, working with commercial property experts is essential to ensuring the investment made, reaps the expected rewards. Although the recent downturn in the economy hit many businesses hard, there has never been a better time to invest.

During the 2010-11 year, declining vacancy rates and positive rental and sales growth have attracted many investors back to the market. The North Sydney commercial district was separated by the Harbour Bridge from the Central Business District not long ago. Increased rentals since the decline in 2008 has now served to demonstrate a market response that is improving.

For one company, gaining access to one of the last undeveloped harbour-front locations in Sydney has opened many new opportunities. Retail and commercial development in the Woolloomooloo district is one of the first to be undertaken in the last ten years. This has put companies specializing in this type of property in a position to offer sales and leases to individuals who are now ready to invest again.

Increased sales are just part of the turnaround in the market, as can be seen in an escalation in market activity. This is opening many new opportunities for investors who have suffered during the economic decline. As reported by Tom Bartlett, CBRE Senior Director, it is anticipated that office space vacancies will fall below 9% by the end of this year.

It is also anticipated that by 2015, total vacancies will dip below 8.6%. This has led to an increased interest in construction of facilities that will be completed within the next five years. This factor alone is drawing renewed interest by local and foreign investors alike, who see that market response is the first sign that the economy is recovering. Read More...