Goodwin Property Advisory Pty Ltd

Independent, professional qualified advice

In the competitive Australian commercial real estate market, corporate tenants need a professional advocacy firm to ensure the best deals & optimal occupancy terms.

Goodwin Property Advisory Pty Ltd represents the interests of tenants and occupiers of commercial and industrial premises throughout Australia in their dealings with the real estate market.

The principal objective of the service is to educate corporate,government and not for profit organisations about the property market so they may implement innovative and well-informed commercial decisions regarding the premises they occupy.Services include advice and corporate solutions for New Premises, Lease & Purchase Negotiations, Rent Reviews,Lease Renewals, Restructuring Leases and Exit Strategies.

Chris Goodwin

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The tide is turning...
Australia has so far escaped the worst of the global financial crisis. From a tenant of commercial premises perspective there are a number of outcomes worthy of note and consideration.

Prior to the crisis vacancy rates in Melbourne were at their lowest in living records with overall direct vacancy in the CBD standing somewhere below 3.8%. The prospect of shortage and rental inflation appeared inevitable. The GFC saw the tide turn with a minor flood of vacancy and effective rents decline as nervous landlords offered increased incentives to lock in tenants.

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Market News

2010 has started off with a dramatic increase in market activity with agents across the sectors reporting large rises in the number of enquiries and inspections of commercial office space.

Many organisations are returning to the market as sentiment in the economy improves. Whilst the level of activity is encouraging, companies are not in general quick to commit, reflecting residual caution as to future prospects.

Hot Topics

Be prepared... Australian State and Territory government energy ministers have approved the parameters of the new disclosure scheme for office building energy efficiency in November 2009. Commonwealth legislation is now being developed to give effect to the scheme in the second half of 2010. The proposals will initially cover office buildings of over 2000 sqm (NLA). The legislation will require that all large commercial buildings disclose an appropriate energy efficiency rating and certificate when they are sold, leased or subleased.

Case Studies

Client : Adecco Group

Property address : Sydney and Brisbane

Brief :

With a variety of leases expiring in Brisbane and Sydney Adecco sought to rationalise existing premises and accommodate various brands under one roof within centralised accommodation creating more efficient workspace and reduced operational costs.

Key Points :

Part renewal and acquisition of new space at Levels 1&2 68 Pit Street Sydney of 1443 sqm

Leasing of new premises at Level 19, 300 Adelaide Street Brisbane of 651 sqm.

Attractive market incentives secured to assist with fit out and upgrade of existing premises.

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