B-grade Sydney office leases rise with business sentiment

B-grade Sydney office leases rise with business sentiment
Staff reporterOctober 27, 2015

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.

Editor's Picks

First look: Carpe Group and ICON Developments team up again for new downsizer apartments in Hawthorn
Rozelle Village achieves strong results as sales officially launch
Habitat to break ground on The Millwell in Maroochydore
Sekisui House Australia launches Waterstone in emerging St Leonards South precinct
Cedar Woods acquires Fairfield site for new residential development