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10 years on

Council given more planning powers
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Away from the desk

The little bent tree
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Docklander

Lormier St towers get full makeover from Docklands’ “Foyer Queen”
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Docklands Secrets

Conflicting speeds
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Chinese

政府资助 受创商家
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Critic

A vote for uncertainty
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Owners' Corporation Management

Performance-based alternative solutions the key to cheaper cladding replacement costs
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Fashion

Top five street style trends
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Health and Wellbeing

Managing aches and pains
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Letters

Here’s an idea …
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History

A view to a hill (with an explosive secret)
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Housing All Australians

Housing All Australians – a new paradigm
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Business

Docklands Dental Studio becomes an industry leader
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Owners Corporation Law

VCAT declares that committees have the power to terminate an OC manager
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Maritime

Celebrating our Enterprize
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Pets Corner

Ty the adorable rescue
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SkyPad Living

Finally, vertical villages are on government’s radar – but is the focus right?
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Precinct Perspectives

Explore public art in Batman’s Hill
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State MP

After COVID-19: do we want to go back to “normal”?
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Street Art

Goodbye from Blender Studios
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Sustainability

How fast is fast fashion?
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The District

Your local delicatessen has arrived!
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We Live Here

Stage 3 lockdown fines for short-stays
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Abby's Angle

Getting through lockdown 2.0
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Editions
August 09 Edition Cover

Low office vacancy rate

31 Aug 2017

The Property Council’s market report released in August shows Docklands has the lowest office vacancy rate in inner-city Melbourne.

As of July, Docklands’ office vacancy rate was a mere 2.1 per cent, a significant improvement from the 3.3 per cent in January.

The Melbourne CBD’s office vacancy rate remains steady at 6.5 per cent.

Some 101,156sqm of offices have been occupied in Docklands in the 12 months to July, making up 78.8 per cent of the total net absorption in the Melbourne CBD and surrounding suburbs.

Docklands’ office leasing and sales activity is also the most prominent in inner-city Melbourne.

The leasing of 26,500sqm at 839 Collins St to ANZ was the largest area of office space leased in Melbourne this year.

In January, 7100sqm at 664 Collins St was leased to Exxon Mobil and 2800sqm at 737 Bourke St was leased to Symbion.

Pacific Hydro started occupying 2423sqm of office at 700 Collins St in February and National Heart Foundation took 2154sqm at 850 Collins St in June.

Docklands’ low office vacancy rate and recent large-scale commercial leasing deals demonstrate the area’s strong employment growth and economic strength.

Sally Capp, the Property Council’s Victorian executive director, said a consistent stock of A-Grade commercial office spaces remained a top priority for the Melbourne.

“We have research underway into the drivers of the commercial property market and the policies necessary to provide a steady supply of high-quality commercial office space into the future,” Ms Capp said.

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