PCG's Director of Corporate Real Estate, Beau Stewart (Sydney) and Project Manager Josh Langdon (Melbourne) were recently quoted in the Sydney Morning Herald's Commerical Real Estate Wrap Up.

Asked to respond to the recently released report for the Property Council of Australia on vacancy reports they had the following points

• Tenants are receiving lease incentives of over 40%
• Sydney is still feeling the effects of the global downturn more than any other Australian City
• Barangaroo is continuing to set up in competition
• Net rental rates in Melbourne city are lower than Brisbane or Sydney

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