Dexus Rides Wave of High Office Demand

Dexus’s office portfolio occupancy increased to 96.8 percent as seen in its March 2018 quarter portfolio update. The company, across 73 transactions, leased 92,822 square metres of office space and 14,832 square metres of office development space.

“It’s pleasing to see great traction across the key areas of our business which will contribute to our distribution per security growth guidance of 4.5-5 per cent for FY18,” Dexus’s chief executive officer Darren Steinberg said. “This has been driven by continued leasing in our core markets and solid progress on opportunities in our development and trading pipeline.”

Low vacancy rates coupled with high demand for space which is underpinned by population growth in the main capital cities is proving advantageous to Dexus, like most office landlords at present.

Image and article source:

Ray White’s top 10 listings for May: (Click on address to view listing)

Suite 1001, 67 Castlereagh Street Sydney

Terrace, 40-42 Young Street Sydney

Various, 94 Beattie Street Balmain

Part 1, 24 Hickson Road Sydney

Ground Floor, 20 Windmill Street

Level 6, 64 Clarence Street Sydney

Suite 604, 46 Market Street Sydney

Mezzanine, 27 Macquarie Place Sydney

Level 8, 27 Macquarie Place Sydney

Suite 1004, 46 Market Street Sydney