Office Market Report Business Lunch

The Property Council released its 2017 January Office Market Report at its first industry event of the year, on 2 February.

Hobart’s CBD office market reported a positive result, with market vacancy remaining steady at 8.2 per cent, the third lowest in the country behind the Sydney and Melbourne markets.

90 guests gathered at the Henry Jones Art Hotel to hear Ian O’Shea, Senior Commercial Valuer from Opteon Property Group deliver a presentation which unpacked the latest results. Following Ian, was Jason Cannock, Head of Property Finance, ANZ who then put this data into a wider perspective.

Jason was joined by Scott Newton, Chief Executive Officer of Knight Frank Tasmania and Andrew Finch, Director Procurement and Property at the Department of Treasury and Finance for a panel discussion which was moderated by Aurora Kostezky of Page Seager Lawyers.

The panel discussion covered key challenges for landlords and tenants, the direction of the market in terms of rents and yields, and how financiers were viewing the Hobart commercial property market. The Property Council would like to thank all speakers for their valued insights and Knight Frank for their support of the event.

The Property Council’s media release can be found here.

For a copy of the 2017 Office Market Report click here.

Photos from the event can be found below.