Posted by adminMay 15, 2012news

Docklands to rival Collins St

The Docklands could soon rival Melbourne’s historical office hot spot, Collins Street, particularly with small businesses searching formodern strata space in new buildings, according to a new report byUrbis. Roger Scrivener, Urbis director and author of the Melbourne Strata OfficeMarket report, said there were about 1800 strata units in the Melbourne CBD, with an average sales turnover of almost 130 units per annum—about 7 per cent of total stock.

Before 2000, strata units were created from the conversion of older, conventional office buildings, but since 2000, about 500 strata units had been supplied in purpose-built offices. These included Aquavista in Docklands, 757 Bourke Street in Docklands, 2 Queen Street, Life Lab in Docklands and 373 King Street.More than 65 per cent of strata offices in the CBD were built before 1980.

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