B-grade Sydney office leases rise with business sentiment

A string of recent commercial leases in the Sydney CBD indicates an uptick in business sentiment, according to CBRE.

Telemarketing specialist Ways Phone has locked in sub-lease space at a B-grade office tower to accommodate its Sydney headquarters.

Specialising in charity telemarketing, Ways Phone has signed a 4-1/2 year lease deal for a 650 square metres of office space at 59 Goulburn Street.

The annual rental for the fifth floor property is $568 gross.

CBRE agent Jamie King negotiated the lease for IronFX Global.

Project management firm Cerno has signed a seven-year deal for 300 square metres of office space at 28 O’Connell Street. The annual rental is $675 gross.

Close by, computer-testing solutions provider Pearson Vue has secured a 276 square metre B-grade office on the second level of 10 Bridge Street for $650 per annum gross, while Squirrel Super has committed to a three-year term on a 192 square metre office at 50 King Street. The annual rental is $725 per annum gross.

King said the string of recent deals pointed to a lift in business mood in the Sydney CBD.

In another deal, GTW Investments has signed a two-year sub-lease on a 175 square metre B-Grade office space at 175 Macquarie Street. The rental is $695 gross per annum.