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Sydney office rents are the world’s fastest growing

Mimi Sabreena 4:06:00 PM Informasi

(Dec 29): Australia’s infrastructure boom has kept Sydney’s office rents the world’s fastest growing for a second year.

Prime office rents in Sydney surged 30 percent in the 12 months ended Sept. 30, according to Jones Lang LaSalle Inc. Commercial space in the city is being squeezed as buildings are torn down to make way for a A$12.5 billion ($9.7 billion) metro line, while developers are cashing in on the housing boom by converting harborside towers into luxury apartments.

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