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Hot Commercial Real Estate Moving out of the CBD

Article by Tim Green Commercial

The Sydney commercial property sector is looking to re-establish its prominence after being defeated by Melbourne this past year. Reports show that in 2009, Melbourne consistently showed lower vacancy rates while commercial sales were almost double those of Sydney’s, approaching the billion mark.

However, Sydney is looking to regain the industry title with a new industrial estate going up in Greystanes and one being discussed for Marsden Park that could support some 10,000 jobs in Western Sydney. Newly appointed NSW Premier, Kristina Keneally, says that both projects are in line with the plans to create jobs closer to where people live in Western Sydney.The question becomes, are businesses following suit and moving their operations out into the City Fringe and CBD surrounds? Demand for city fringe properties in areas such as Chatswood and North Ryde has risen with the opening of the Chatswood-Epping line. Meanwhile, the financial crisis has seen more businesses consolidating their operations to central headquarters, often abandoning a CBD presence and moving to corporate premises located in the City Fringe.

Trending Suburbs in Commercial Real Estate:

According to the Property Council of Australia, North Ryde was one of a handful of Australian office markets to post positive demand for office space over the six months to July 2009. However, vacancy rates still increased to 12.3 per cent in the fast-growing commercial centre, according to the Property Council of Australia’s latest Australian Office Market Report. Parramatta CBD has had the biggest growth in demand for office space in the country, with vacancy rates under 10 per cent for the first time in July 2009. Meanwhile, areas in the North Shore, including North Sydney, Crows Nest and St Leonards have added new office space of over 22,000 sqm. Unfortunately, this has resulted in the area’s highest vacancy rates to date, reaching 11.8 per cent in July 2009.

For businesses, higher vacancy rates and rock bottom commercial property prices mean it could be time to consider acquiring new office premises. As the market looks poised to recover in 2010, office space in Sydney City Fringe and other non CBD areas could prove to be worthy investments in the new year.

About the Author

Tim Green Commercial is a boutique Commercial Real Estate Agency in the Sydney CBD with listings for offices, retail shops and cafes, and investment properties for sale and lease. Visit their website for more information.

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Give Your Home Based Business a Boost with a Manhattan Virtual Office

Having a successful home based business is a truly wonderful experience and most home based business operators have no desire to move into office space at all – but the fact is that having an office address can give your business greater credibility and the illusion of being a more professional operation, and boost your turnover. Most home business operators could use a little of that!

The good news is that you can have it all. For less than a month you can have a Manhattan virtual office from VH International Business Solutions at a fabulous street address that you’ll never have to go to. For a little extra you can have a Manhattan telephone number that will divert to the comfort of your home or a message service from which you can collect your messages when it suits you.

Imagine having a prestigious Manhattan office address, a Manhattan “presence” for your home based business – and still being able to slide out of bed just when you like, eat a leisurely breakfast then stroll into your home office dressed just as casually as you like. You’ll check for messages from your Manhattan office, then get to work!

You’ll be able to use your Manhattan business address on your cards and website, giving prospective clients an excellent impression.

If you have prospective clients in Manhattan you can even arrange to meet them at your office address! Simply book an office for the nominated time and set yourself up comfortably in there – your clients will be greeted at our reception area and escorted to your office. When you’re done, it’s back home to the casual clothes and flexible time schedule you’ve come to love!

Seriously, who’d want to work in an office full time when you can have a home based business and a Manhattan virtual office from VH International Business Solutions?

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Manhattan Virtual Offices ? Making Your Business Look Bigger!

It’s no secret that small business operators often try to make themselves look bigger. It’s a matter of survival really. Corporate clients are often reluctant to deal with a one person business, particularly one that appears to be run from home or purely online.

Many online and home based business operators have only a post office box at best – and this can raise doubt as to their credibility – no one works out of a box. Prospective clients who find your business online will often first look to see if you have a street address. If you don’t, it raises the concern in their mind that if you don’t do the right thing by them, you can ignore their communications and they have no means of getting hold of you. It’s enough to make them leave your site and search for competitors who do have a street address.

There’s no doubt about it – having a street address gives your business credibility.

Likewise, corporate folk can be reluctant to deal with a one-person business because there’s a perception that if you were successful, surely you’d be bigger!

If you don’t want to work from a professional office address or you simply can’t justify the expense of renting city office space, but you need the credibility of having an office address then a virtual office in a major city can be the perfect answer.

A Manhattan virtual office from VH International Business Solutions can give you the appearance and credibility of a larger business at a cost of less than a month. And you can still work from home, wherever that may be! Your virtual office will forward mail and telephone messages to you.

If your business is based in the country – or even overseas – and you already have a street address, you can give your business a boost by adding a New York City office address.

When the cost of a Manhattan virtual office for an entire month is about the same as one good meal, and it could improve your business turnover, it’s difficult to come up with a reason not to give it a go!  Contact VH International Business Solutions today!

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