25 June 2012

Architecture Aims To Fill Void

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From last week's Business pages of The Age :

MAB's general manager, commercial and industrial, Richard Johnston, said the first building aimed to fill a void in the Docklands office market. MAB's Aquivista, opposite The Quarter and the new Lend Lease strata office building were designed to cater for small businesses requiring up to 500 square metres.

At the other end of the market were the big buildings with tenants such as ANZ, NAB and Mercer. ''The gap is in the middle area of the market,'' he said. A company that needed up to 4000 square metres would probably have 200-250 employees, so ''that's a big business''. Mr Johnston said MAB was looking at rents in the high $300 per square metre.
$250m Docklands office precinct out to attract middle market (read article here)
Philip Hopkins / THE AGE
June 20, 2012

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