The latest research from North Sydney Cityscope shows sales have increased in total value in the quarter to October 2017. Sales recorded in the most recent quarter totalled $960.2 million from 70 sales, a large increase in total value compared to the $540.4 million from 71 sales in the quarter to July 2017 and the $520.4 million from 67 sales in the quarter to April 2017.

This quarter brings the twelve-month total value of sales to $2.387 billion, an increase from the $1.708 billion recorded for the previous year.

The table below shows sales recorded for the past eight updates of North Sydney Cityscope.

2017-10-27--northsydneycityscopequarterlysales

Notable sales for the October 2017 update of North Sydney Cityscope include:

  • A total of 11 properties in St Leonards including 564 Pacific Highway, 562 Pacific Highway, 560 Pacific Highway, 558 Pacific Highway, 79 Lithgow Street, 77 Lithgow Street, 75 Lithgow Street, 71-73 Lithgow Street, 86-90 Christie Street, 84 Christie Street and 82 Christie Street, which were bought as a development site for a total of $295 million; 
  • 15 Blue Street, North Sydney, a 19-storey plus a retail level with three shops and four levels of basement parking for 176 cars with a net lettable area of 16,144 sqm, which was bought for $168 million and
  • 1 Pacific Highway, North Sydney, a 15-storey office building contains 10 floors of office space, basement and ground floor parking for a total of 54 cars, with a net lettable area of 7,642 sqm, which was bought for $114.5 million. 
2017-10-27--northsydneycityscopequarterlysalesgraph

Properties listed as for sale in the October 2017 update in the areas covered by North Sydney Cityscope include: 

  • 54 Miller Street, North Sydney, a 14-storey office building with basement parking for 77 cars, net lettable area 7,011 sqm, for sale through CBRE North Sydney and CBRE Sydney; 
  • 32 Walker Street, North Sydney, a 13-level building with two levels of basement parking for 31 cars and a tavern extending over the ground and first floors. Completed in August 1988 with a net lettable area 6,622 sqm and typical floor plates 512 sqm, it is for sale through Savills Sydney and CI Australia and
  • 23 Willoughby Road, Crows Nest, a 2-storey commercial building with ground floor retail on a 272 sqm land, for sale through Sutton Anderson. 

Leasing opportunities in the October 2017 update in the areas covered by North Sydney Cityscope include:

  • 100 Christie Street, St Leonards, a 12-storey office building with parking for 74 cars, which has office space of 400 to 8,500 sqm available through CBRE North Sydney; 
  • Ogilvy House at 72 Christie Street, St Leonards, an A-grade 8-storey office building (stepped) with basement parking for 228 cars, which has office space of 300 to 3,000 sqm available through Cadigal Office Leasing and Colliers International; 
  • 41 McLaren Street, North Sydney, a 7-storey building with two additional lower ground parking levels to Harnett Street for 90 cars, which has office space of 100 to 1,600 sqm available through CI Australia and
  • 60 Pacific Highway, St Leonards, a 3-storey office building with basement parking for 60 cars, which has office space of 150 to 1,895 sqm available through PropertyFox.