Commercial office space in demand in central CBDRobina

Office vacancy rates in the sought-after central area of Robina / Varsity Lakes are the lowest in Gold Coast City according to the Property Council of Australia’s Office Market Report.

The vacancy rate dropped to 6.8% in July 2017 compared to Gold Coast City as a whole which also decreased from 12.2% to 11.3% over the 6 month period.

Property Council Queensland Executive Director, Chris Mountford, said that demand for office space in 2017 so far has remained steady in Gold Coast City.

“The greatest falls in vacancy were seen in A Grade office stock, with tenant interest clearly gravitating to quality spaces,” Mr Mountford said.

Gold Coast as a whole was performing well and the only precinct to see a rise in vacancy rate rise was Southport, which experienced a slight increase from 13.2% to 14%.

“Low vacancy is expected to continue on the Gold Coast, with very little office space expected to be developed over short to medium term,” Mr Mountford said.

Other major Gold Coast commercial precincts recorded the following vacancy rates:

  • Broadbeach 8.7%
  • Bundall 11.5%
  • Southport 14%
  • Surfers Paradise at 15.1%.

Robina / Varsity Lakes rate compares very favourably to Australia’s national average vacancy according to JLL Research’s third quarter 2017 statistics on national office markets.

The national CBD office market vacancy rate fell slightly to 10.8 per cent in the third quarter with Melbourne having the strongest demand and falling to 6.9%, the first time below 7% since 2012.

Robina / Varsity Lakes is leading the charge in Gold Coast City and on a national level with many seeing the area primed for future growth.

Leading Australian futurist and demographer Bernard Salt has identified Robina and Varsity Lakes as the principal population growth, infrastructure and employment hub for Gold Coast City’s future, based on demographic modelling and data projections to the year 2050.

While Gold Coast City’s population is expected to double to 1.2 million by 2050, Mr Salt says much of the phenomenal growth will concentrate around the geographic heart of the city – primarily the area centred on Robina/Varsity.

“When you take stock of the Gold Coast today, there are very few regions that can match Robina/Varsity’s capacity for growth and expansion – or its ability to provide diversity of housing and workspaces –  with 50 hectares of approved developable land and a raft of key infrastructure and services already in place.

“This existing infrastructure will prove to be Robina/Varsity’s greatest asset, because future density requirements will effectively prohibit the development of new super regional shopping centres like Robina Town Centre, or universities on a similar scale to Bond – which is one of the fastest growing universities in Australia – forecast to grow by 225% by 2050. There will be no more. This is it.

“I am a believer in the Gold Coast.  I am an optimist about the Gold Coast.  Here is a place willed into existence by the Australian people and whose future growth is both assured and channelled by planning into an elongated urban form.  With Robina in the middle.  It doesn’t come any better for a locality.”

Central Gold Coast Office Space for Lease
With Incentives you won’t want to miss.

As featured in the pictures above, The PC is a newly launched business address at the heart of CBDRobina, just 300 metres walk to Robina Town Centre.  Spaces are available from 152sqm to full floors.

Click here to receive plans and leasing rates  for this future-smart Commercial Space For Lease including space approved for Office, Medical, Education and other business uses.