ADVISORY & TRANSACTION SERVICES | OFFICE LEASING

January - March 2020
Changing Times

The first quarter in 2020 started well. January showed a strong level of enquiry across the market and some strong terms negotiated despite the threat of bushfire surrounding Sydney. However, the new enquiry level faded over the last few weeks as the COVID-19 virus took the world hostage. At the end of Q1 2020 many people are now having to adjust to working remotely, with their normal routines being turned on their head. Video conferences have taken over from face to face meetings, social distancing is the new norm and our kids in many cases, are now attending school from the dining room table. Changes and restrictions to our lives are happening at a rapid pace.
 
The office leasing market has shown a couple of trends in reaction to the virus, deals that are time critical and have a hard deadline are still continuing albeit with caution. Where there is no real need to complete a lease transaction at this point in time, most of these requirements have been put on hold. Most businesses are ‘battening down the hatches’ to weather the storm, this includes a number of tenants reaching out to landlords for rent relief, increased enquiry about possible sublease disposals and some seeking a satellite office for business critical teams to occupy for a few months outside the main office.
 
We are speaking with our colleagues throughout Asia to pick up on any trends they are seeing as they seem to be a few weeks ahead of us. We look forward to sharing their lessons.
 

Stuart McSorley
Director - Sydney
m: +61 404 034 819
e: stuart.mcsorley@cbre.com.au

SYDNEY CBD 

225 George Street, Sydney
 

Precinct City Core Term 6 years 9 months
Grade Premium Area 1,963 sqm
Lessee Freelancer International Lessor Marsh 
Agent Chris Fisher
Tom Bowditch

10 Bond Street, Sydney
 

Precinct City Core Term 5 years
Grade B Area 527 sqm
Lessee Connected Medical Solutions Lessor Mirvac
Agent Tom Bowditch

60 Castlereagh Street, Sydney
 

Precinct City Core Term 5 years 
Grade A Area 366 sqm
Lessee James Hardie Lessor Dexus
Agent   Jenine Cranston
Chris Fisher

 75 King Street, Sydney
 

Precinct Midtown Term 10 years
Grade B Area 329 sqm
Lessee Kao Australia Lessor Private
Agent   Tom Bowditch

37 George Street, Sydney
 

Precinct     The Rocks Term 1 year
Grade Boutique Area 173 sqm
Lessee BBR Agency  Lessor Place Management
NSW
Agent Nick Read
Mark Semple

33 George Street, Sydney
 

Precinct The Rocks Term 5 years
Grade Boutique Area 160 sqm
Lessee Bella Management Group   Lessor Place Management
NSW
Agent Nick Read
Mark Semple

70 Phillip Street, Sydney
 

Precinct City Core        Term 3 years
Grade B Area 90 sqm
Lessee Star Electrical Lessor Predaze 
Agent Nick Read
NORTH SYDNEY

99 Walker Street, North Sydney
 

Precinct North Sydney Term 2 years
Grade A Area 1,217 sqm
Lessee Swipe Jobs Lessor GE
Agent Michael Darcy
Stefan Perkowski

107 Mount Street, North Sydney
 

Precinct North Sydney Term 5 years 
Grade B Area 741 sqm
Lessee NH Foods Australia Lessor Private 
Agent Stefan Perkowski

53 Berry Street, North Sydney
 

Precinct North Sydney Term 3 years
Grade B Area 242 sqm
Lessee Thinkxtra  Lessor Property Bank 
Agent Michael Darcy
Stefan Perkowski

657 Pacific Highway, St Leonards
 

Precinct St Leonards Term 5 years
Grade B Area 227 sqm
Lessee Rural Affinity  Lessor Lederer Group
Agent Michael Darcy
Stefan Perkowski
Chris Fisher

53 Berry Street, North Sydney
 

Precinct North Sydney Term 1 year 6 months
Grade B Area 205 sqm
Lessee Harbour Future Leaders  Lessor Private 
Agent Tom Bennett
Michael Darcy

20 Cliff Street, Milsons Point
 

Precinct Milsons Point Term 2 years
Grade B Area 126 sqm
Lessee Physio Inq Lessor Private 
Agent Tom Bennett

99 Mount Street, North Sydney
 

Precinct North Sydney Term 5 years
Grade B Area 124 sqm
Lessee Watchguard Lessor Ho Group
Agent Tom Bennett
Michael Darcy

272 Pacific Highway, Crows Nest
 

Precinct Crows Nest Term 4 years
Grade B Area 112 sqm
Lessee EVS Australia  Lessor Private
Agent Tom Bennett
Michael Darcy
Nick Connor

272 Pacific Highway, Crows Nest
 

Precinct Crows Nest Term 4 years
Grade B Area 112 sqm
Lessee Resonate Consultants Lessor Private
Agent Tom Bennett
Michael Darcy

99 Alexander Street, Crows Nest
 

Precinct Crows Nest Term 2 years
Grade B Area 89 sqm
Lessee NPC Lessor Private
Agent Tom Bennett

460 Pacific Highway, St Leonards
 

Precinct St Leonards Term 3 years
Grade B Area 84 sqm
Lessee E-CONTROL Lessor Private
Agent Tom Bennett

129 Blues Point Road, McMahons Point
 

Precinct McMahons Point Term 2 years
Grade B Area 83 sqm
Lessee Papaya PR Lessor Private
Agent Tom Bennett

272 Pacific Highway, Crows Nest
 

Precinct Crows Nest Term 2 years
Grade B Area 49 sqm
Lessee Idea Logic Lessor Private
Agent Tom Bennett
SOUTH SYDNEY

33 Saunders Street, Pyrmont
 

Precinct City Fringe Term 5 years
Grade B Area 906 sqm
Lessee Transdev    Lessor Nova
Agent Fergus Bowen
Brendan Shipp

247 Coward Street, Mascot
 

Precinct South Sydney Term 3 years
Grade A Area 419 sqm
Lessee Air Liquide  Lessor MOT Investments
Agent Nick Connor
Brendan Shipp

140 William Street, Woolloomooloo
 

Precinct City Fringe Term 4 years
Grade B Area 303 sqm
Lessee United Galleries Lessor One Forty William
Agent Fergus Bowen

41-43 Bourke Road, Alexandria
 

Precinct South Sydney Term 5 years
Grade Showroom Area 247 sqm
Lessee Grace Loves Lace Lessor Dexus
Agent Fergus Bowen
Brendan Shipp

7-9 Gibbons Street, Redfern
 

Precinct City Fringe Term 2 years
Grade B Area 235 sqm
Lessee Urban Clap Lessor Deicorp
Agent Fergus Bowen

36-50 Wyndham Street, Alexandria
 

Precinct City Fringe Term 3 years
Grade Boutique Area 220 sqm
Lessee Gage Roads Brewery Lessor Carbon8
Agent Fergus Bowen

11 Joynton Avenue, Zetland
 

Precinct South Sydney Term 1 year
Grade B Area 163 sqm
Lessee Meriton Lessor EDVI
Agent Fergus Bowen
William Gathercole

50 Holt Street, Surry Hills
 

Precinct City Fringe Term 2 years
Grade A Area 148 sqm
Lessee Smile Direct Club Lessor April Group
Agent Fergus Bowen
​Tom Bowditch

20-40 Meagher Street, Chippendale
 

Precinct City Fringe Term 3 months
Grade Co-working Area 4 desks
Lessee Sourced Group Lessor The Commons
Agent Fergus Bowen

1265 Botany Road, Mascot
 

Precinct South Sydney Term 2 years
Grade C Area 35 sqm
Lessee A.E Consulting Engineers  Lessor Aon Ari
Agent Fergus Bowen
CONTACTS
MAJOR PROJECTS
Mark Lacey
Regional Director
Joint Head of Major Projects Australia
t: +61 2 9333 3514
m: +61 426 294 486
e: mark.lacey@cbre.com.au 
MAJOR PROJECTS
John Hickey
Regional Director
Joint Head of Major Projects Australia
t: +61 9333 9324
m:+61 407 233 664
e:john.hickey@cbre.com.au
MAJOR PROJECTS
Emma Montgomery
Director
t: +61 2 9333 9324
m: +61 407 233 664
e:emma.montgomery@cbre.com.au
MAJOR PROJECTS
Jerry Lee
Associate Director
t: +61 2 9333 3238
m: +61 421 134 628
e: jerry.lee@cbre.com.au

SYDNEY CBD
Jenine Cranston
Senior Director
t: +61 2 9333 3511
m: +61 423 781 919
e: jenine.cranston@cbre.com.au
SYDNEY CBD
Chris Fisher
Director
t: +61 2 9333 3522
m: +61 417 686 990
e: chris.fisher@cbre.com.au

SYDNEY CBD
Mark Semple
Director
t: +61 2 9333 3204
m: +61 438 631 179
e: mark.semple@cbre.com.au

SYDNEY CBD

Stuart McSorley
Director
t: +61 2 9333 3515
m: +61 404 034 819​
e: stuart.mcsorley@cbre.com.au
SYDNEY CBD
Nick Read
Associate Director
t: +61 2 9333 3520
m: +61 413 853 554
e: nick.read@cbre.com.au
SYDNEY CBD
Tom Bowditch
Senior Negotiator
t: +61 2 9333 9138
m: +61 424 292 404
e: tom.bowditch@cbre.com.au
SYDNEY NORTH
Rachel Vincent
Director
t: +61 2 9409 8326
m: +61 409 899 639 
e: Rachel.vincent@cbre.com.au
SYDNEY NORTH
Stefan Perkowski
Director
t: +61 2 9409 8325
m: +61 412 509 669
e: Stefan.perkowski@cbre.com.au
SYDNEY NORTH
Michael Darcy
Senior Negotiator
t: +61 2 9409 8326
m: +61 404 219 971 
e: michael.darcy@cbre.com.au
SYDNEY NORTH
Tom Bennett
Negotiator
t: +61 2 9409 8343
m: +61 430 924 629 
e: tom.bennett@cbre.com.au
SYDNEY NORTH
Matt Vaughan
Negotiator
m: +61 448 401 301
e: matt.vaughan@cbre.com
SYDNEY SOUTH
Brendan Shipp
Director
t: +61 2 9409 3326
m: +61 421 714 362
e: brendan.shipp@cbre.com.au
SYDNEY SOUTH
Fergus Bowen
Senior Negotiator
m: +61 416 538 727
e: fergus.bowen@cbre.com
SYDNEY SOUTH
Nick Connor
Negotiator
t: +61 2 9289 3323
m: +61 400 830 818
e: nick.connor@cbre.com.au
cbre.com.au
CBRE: 363 George St. Level 21, Sydney NSW 2000 Australia

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