Owner occupiers see value in Brisbane strata office market
The inner Brisbane strata office market is gaining momentum according to Colliers International, which recently negotiating $1.8 million in sales over three strata titled properties in and around the Brisbane CBD.
Colliers International agents Hunter Higgins and Jock Murray, who negotiated the sales, said due to low interest rates, many businesses appeared to be looking at purchasing a premise rather than renting.
Higgins believes that the three strata properties - all purchased by owner-occupiers - indicates that the level of affordability in the Brisbane strata market is encouraging small businesses with imminent lease expiries to consider entering the owner-occupier market.
“The level of affordability at the moment is clearly providing the impetus for these buyers to take the plunge now and buy an asset,” says Higgins.
“From an affordability point of view, it is the ideal time for small businesses to make a move and buy their own strata unit.”
A series of redevelopments currently happening throughout the Brisbane CBD, notably ISPT's $100 million Regent Tower Windergarden complex, is expected to continue to drive the growing confidence in the owner-occupier market.
A number of strata-titled office properties within the Brisbane CBD are currently available for puchase
This include a 188 square metre Edward Street office asking $1.25 million, a 243 metre square office space at Queen Street with an asking price of $1.4 million and a 140 square metre space at Adelaide Street with an asking price starting at $1.1million.
