March 12, 2020
In a deal negotiated by Caden Office Leasing’s Chris Chapman, business IT consultants, YesIT have made the move from the Fringe and into Forza Capital’s 340 Adelaide Street. The business has committed to a 129m2 second generation spec fit out that came with an exclusive balcony overlooking both Adelaide & Wharf Streets.
340 Adelaide Street is a 13,000sqm office tower situated on the cusp of the CBD’s Golden Triangle. The building has undergone refurbishments recently with the inclusion of new lifts, a ground floor forecourt upgrade as well as the introduction of a 3rd space for businesses to use as needed. Such spaces are becoming increasingly common in secondary assets as landlords seek to improve the flexibility of their offerings. These works have clearly resonated well with tenants as YesIT took the last remaining fitted suite in the building.
YesIT see the level 3 tenancy as a tool to continue the growth of their business through the way of client facing functions and continue to enhance their company culture. While the majority of staff have been working from home for the previous 15 months, YesIT saw the balcony as the perfect opportunity to entice their staff back into the office.
This is echoed by YesIT’s Aiden Frearson by saying “340 Adelaide St just made sense to us. With our strong focus on Energy & Resources, the proximity to Eagle St was a key decision maker. The recent renovations to the ground floor & end of trip facilities were also a big tick, along with our own balcony which has also been great for staff & client meetings!”
The Brisbane leasing market continues to bounce back, with the secondary proving to be the most resilient. With Caden research reporting that CBD vacancy currently sits at 13.9%, with the last seven months all recording decreases in vacancy.For more information on this deal, please contact Chris on 0401 153 992 or at email@example.com