OFFICE LEASING GUIDE SPRING 2011 For the most up to date market knowledge on office leasing, contact the commercial property specialists LJH Commercial Hobart, Level 1, 174 Collins Street, Hobart TAS 7000 Tel: (03) 6234 4701 Fax: (03) 6234 6803 Email: hobart@ljhc.com.au Web: ljhooker.com.au/commercial-hobart
THE STATE OF PLAY INCREASING CHOICE FOR TENANTS Our last leasing guide reported that CBD office vacancy in Hobart was the nation s best performing capital city at 4.6% of total stock and it still is! However, signs are starting to emerge that this is changing. Certainly the mainland capitals are trending downwards on vacancy with the exception of Sydney. Hobart is trending upwards but not at an alarming rate. Tenants are now experiencing the opportunity to shop around and this is not a bad thing. Choice motivates landlords to review their market position in terms of: the condition of their premises, encouraging review of building and services performance, their financial expectations and the need to provide best price, whole cost solutions to tenants. Effectively, competition drives innovation and efficiencies. Tenants can and should look to seize this opportunity to achieve long term solutions to accommodation needs and lock away a key business cost rent. The flexibility within the market provides tenants the ability to improve occupation conditions for staff. Happier staff will in turn improve productivity and staff retention. TAKE THE OPPORTUNITY TO REVIEW YOUR OFFICE NEEDS WHILE YOU HAVE CHOICE 15 Princes Street, Sandy Bay SANDY BAY GROUND LEVEL OFFICES & PARKING Conveniently located in Princes Street just off Sandy Bay Road this well appointed tenancy of 156m² provides a high standard of accommodation. 4 offices, reception, open office area (boardroom by appointment) and on site parking. Air conditioned, security provided. 171 Macquarie Street, Hobart NEGOTIABLE RENT CBD OFFICES WITH PARKING Available immediately these offices of 254m² approximately are located in Hobart's recognised legal and administrative precinct. This wing comprises 11 small offices with additional open plan work areas incorporating both boardroom and kitchen amenities. The space provides ample storage options for cabinets/ document archiving and the tenancy is air conditioned. Onsite car parking is offered and rare to come by. Rent negotiable for an initial sub-lease arrangement until 30 June 2012.
45 Murray Street, Hobart CITY BLOCK OFFICE TOWER Located in the very heart of the CBD and in close proximity to major car parking facilities, Trafalgar and Centrepoint, this property provides a very high standard of accommodation comprising: Up to four levels each 272m² Full air conditioning, lift services High security including access system All floors provide existing fit out, two floors include work stations. FOR LEASE INDIVIDUALLY OR AS A GROUP 162 Macquarie Street, Hobart LARGE FLOOR PLATE LEGAL ADMINISTRATIVE PRECINCT Macquarie Street has traditionally been the hub of the professional services precinct and this building is convenient to both the CBD retail heart and the Hobart waterfront. Large floor plate to 708m² with two consecutive floors available. Air conditioned, lift serviced and security access. Existing good quality fit out in place. Excellent secure on site parking available. 54 Victoria Street, Hobart QUALITY ACCOMMODATION - COMPETITIVE RENT (Level 1 & 2) This well located office building provides a high standard of accommodation including full air conditioning, lift and quality amenities. Some existing fit out including work station also available. Additional 315m² on level 2 also available. 1/77 Elizabeth Mall, Hobart OFFICE/TRAINING ROOMS Located in the heart of the CBD overlooking the Elizabeth Mall these offices provide flexible accommodation. Reception/waiting area, work stations (11), offices, training/ conference room with kitchen. Excellent file storage and staff kitchen. Available late 2012.
179 Murray Street, Hobart BRAND NEW, PRESTIGE A+ GRADE OFFICES - MINUTES FROM CBD 628m² on third floor adjacent to RACT Corporate Head Office and cafe. Superb fit out, natural light, fully air conditioned premises with security. 4.5*+ NABERS rating sustainable building. Prestige tenants include RACT Corporate, Travel, Insurance, Roadside & Member Services. Services include quality bistro/cafe on same level. Up to 6 car spaces onsite. 90% leased/last remaining office area. AVAILABLE FOR IMMEDIATE OCCUPATION 179 Collins Street, Hobart 'A' GRADE CBD OFFICES These well appointed offices of 618m² are located on the first floor adjacent to Village Cinema and offer a high quality fit out (negotiable with the current tenant). The accommodation comprises central open plan workstation area with multiple partitioned offices and additional meeting and boardroom facilities. Separate male/female and disabled toilets and kitchenette are all on hand within the tenancy itself. Lift serviced and security in place. Available October 2011. 4/2 Kirksway Place, Battery Point SULLIVANS COVE - CALL CENTRE/PROCESSING FACILITY Well located in the waterfront precinct this large area of quality office space provides partitioned offices as well as 70 work stations. Excellent staff kitchen/break out area. Good natural light. Lift services, security access and air conditioned.
86 Collins Street, Hobart THE AMP BUILDING (Level 2) Excellent existing fit out comprising reception, 6 offices, computer room, meeting room. Lifts, air conditioning and excellent security. (Level 5) This open plan office suite of 52m² approx is ideal for small professional type service providers or individuals looking for corporate office space. (Level 4) This office suite of 159m² approximately is a perfect fit for the small to medium professional service provider. Lift serviced, A/C and a prestigious tenant register. Join the best! 114 116 Bathurst Street, Hobart HIGHFIELD HOUSE (Ground) This ground level suite would suit the small professional service provider. Located off building foyer/ entrance lobby and in close proximity to the retail heart. Some retail uses may also suit. (Level 1 & 4) Full floor tenancies available in the office tower on the Northern fringe of the city centre. Each floor provides good natural light and some existing partitioning. Toilet amenities on each level, air conditioned, lift serviced and security access. Moderately priced, some on site parking available by separate negotiation. Each floor 380m². 144 Macquarie Street, Hobart FULL FLOOR (Level 6) This floor provides commanding views over Sullivan's Cove and St David's Park. Combining both open plan and partitioned spaces the total area of 478m² could be subdivided into two tenancies. 'A' grade standard. 85 Macquarie Street, Hobart PRESTIGE ACCOMMODATION CBD TOWER Conveniently located on the Eastern side of the CBD the building provides easy access to the retail centre and Hobart waterfront. An existing fit out including offices and work stations may also be provided, total area 315m
CENTRAL HOBART OFFICES (Level 1) First floor landmark - Commonwealth Bank building Prime CBD corner position 745m² net lettable area Carparking available 81 Elizabeth Street, Hobart Lift service plus excellent natural light Owners refurbishing with potential to add mezzanine area 142 Elizabeth Street, Hobart GROUND LEVEL OFFICE/SHOWROOM LARGE AREA This ground level area of 725m² could be either showroom or office located within one of Hobart's newest buildings other tenants include WHK Dennison, Arts Tasmania. Currently open plan some on site parking available by negotiation. 38 Montpelier Retreat, Hobart FULLY REFURBISHED CITY FRINGE OFFICES (1B) Great Salamanca area location, existing fit out, good natural light. Lift/AC/security. (2) This second floor office suite is already equipped with a quality fit out comprising: reception, six offices, board room and kitchen. Outdoor balcony and on site parking a bonus, lift serviced. 32 Patrick Street, Hobart CITY FRINGE OFFICES, NEW, GROUND FLOOR Providing 138m² of virtually brand new space and conveniently located on the northern side of the city centre, providing a perfect base for industry association or similar.
110 Hampden Road, Battery Point OFFICES WITH PARKING - BATTERY POINT What a great location combining close proximity to the CBD and Salamanca area with the benefits of a quieter residential fringe precinct. Deceiving from its street front, this building offers substantial accommodation. 9 offices, boardroom and open plan areas, reception, file storage, excellent off street parking, good natural light. Strong street presence with signage. 35 Murray Street, Hobart STUDIO/OFFICE - CITY HEART Level 1 located on the corner of Murray and Collins Streets, this premises provides a light work space. Currently open plan the area would suit graphic design or creative energy professional uses. Total premises size 70m². Level 2 also 70m² provides some existing fit out. Available separately for lease. 33 Salamanca Place, Battery Point GALLERIA OFFICE SUITE Located on Level 3 Suite 4(b) of the popular Galleria Complex, this suite overlooks Montpelier Retreat. Offering 3 offices (or two with meeting room), good open plan office area and reception. Suite (4c) enjoy the working environment of Salamanca Place from this office suite. Predominantly open plan with one office/reception and staff room. Shared amenities. Available now. 4/19 Hunter Street, Hobart STUDIO/OFFICE HENRY JONES COMPLEX HOBART WATERFRONT Located on the first floor this studio space of 56m² is ideal for professions involved in creative energy. Graphic, software design, architecture, advertising. Some existing fit out and furniture. One on site car space included. Great location on Hobart's vibrant waterfront.
ASSET MANAGEMENT SERVICES LJH Commercial has a substantial property portfolio under management. We all accept that property is a longterm investment option. It is crucial that your property receives professional attention to ensure it appreciates in value over time. As a professional property consulting business represented in the Hobart market for just on fifty years, we understand long-term objectives. We innovatively seek to improve your property performance through well researched and implemented management strategies. Professional property advice is, we believe, no longer an option but a necessity. Our primary objective is to add value to your asset. Our Management Team provides extensive specialist property management experience within the Hobart market place. We have combined exposure to all classes of commercial property including: * Specialist Retail * Centre Management * Tenant Advocacy * Portfolio/Corporate * Asset Management * Commercial/Industrial * Strip Retail * Body Corporate/Strata Title Our clients are a cross section of major corporations and first time investors. LJH Commercial s Asset Management Services can be categorised into three broad areas of property performance Financial, Legal and Physical. A key component of our management role is that of fostering harmonious relationships with all our clients. We have developed a suite of reporting procedures designed to provide you with all the necessary feedback and pre-emptive recommendations regarding your property. An advantage of the LJ Hooker networks of over 600 offices is that industry trends are monitored on a national basis and you will benefit directly from this. We would welcome the opportunity to discuss our services for your property. Mark Devine 0438 133 950 Alan Clark 0419 788 237 Heather Mason 0415 448 378 LJH Commercial Hobart, Level 1, 174 Collins Street, Hobart TAS 7000 Tel: (03) 6234 4701 Fax: (03) 6234 6803 Email: hobart@ljhc.com.au Web: ljhooker.com.au/commercial-hobart