International Construction & Dispute firm CDI Experts have now taken occupation of a new premises within Quanta Investment Funds newly acquired 157 Ann St. The group made the move from a serviced office on Ann Street into a brand new 168m2 spec suite on a 6 year lease term.
CDI Experts initially expressed an interest in office spaces to cater for ~10 staff however opted to upscale their requirement on a longer lease term to cater for future growth. Through a thorough search of the market, CDI Experts were made aware of the opportunities found within 157 Ann St. With column-free 431m2 floorplates within the tower floors, the building can offer businesses of 10-20 staff a half-floor opportunity with direct lift exposure.
157 Ann St drew attention from the group through it’s high-quality spec suite, accessible and convenient location and nearby amenities. The suite provides 3 sides of natural night, a mixture of open plan work areas and meeting space and brilliant view corridors through Ann St all tied together with high-end finishes and an efficiently designed office suitable for up to 17 staff.
157 Ann St, a once near 100% vacant asset, now hold a vacancy profile of just 10% through a mixture of part and full floor leasing deals. Quanta are encouraging prospective and suitable tenants, anywhere from 15 to 60 staff, to consider 157 Ann St as their next premises. The building boasts a high-quality EOT, upgraded ground-floor lobby and newly added building amenity alongside the quality fitted product found within the top floors of the asset.
Caden Research suggests that 8% of deals transacted within the Brisbane CBD thus far in 2022 have been with Businesses moving out of Serviced Office solutions. Business growth out of serviced offices has been a consistent feeder of brokerage requirements, with the trend being that a 6–10-person headcount sees a direct lease outweigh a month-to-month contract from a price point perspective. Further to this point, the average NLA transacted for a tenant coming out of a serviced office is 175sqm although ranges between 90-250sqm.
For more information on current availabilities, or information on the broader market, please don’t hesitate to contact Angus Smith on 0402 954 264 or angus.smith@caden.com.au.
