Since Wingate’s mid-year acquisition of the asset, 200 Mary Street has been smashing the median rent across the B-grade leasing market achieving a whopping $75/sqm increase from $650/sqm to $725/sqm (face rent). This growth within Wingate’s first 3 months of ownership has come off the back of 5 new leases negotiated by Caden Office Leasing’s Jack Middleton.
There are a number of factors that influenced this showcase of promising growth, most notably the buildings wealth of amenity. In the current leasing environment, efficiently designed fitted product is in high demand. With flexibility being the new “order of the day”, buildings which can offer a degree of flexibility to accommodate tenant needs during peak periods stick out most in a competitive market. Buildings that effectively tick these two boxes are leading the way and 200 Mary Street has been a front runner in this category.
As an offering to growing tenants within the secondary market 200 Mary St has it all. High quality End of Trip Facilities, Brisbane’s first owner operated flex space with function/training rooms, meeting/quiet rooms and workstations, high quality fitted out tenancies of various sizes and a Prime Golden Triangle location complimented by an abundance of tenant amenity.
There are 5 tenancies currently for lease within 200 Mary St as follows:
Caden Office Leasing, on behalf of our client Wingate are seeking to secure further commitments as soon as possible. If you would like details on these or would like to inspect the property, please contact:
Jack Middleton on 0419 951 707 or jack.middleton@caden.com.au
Lewis Harper on 0437 187 659 or lewis.harper@caden.com.au
