Advertising services company, Media Tonic, has secured a new office in Subiaco’s business hub.
The business has relocated from Domain Stadium to 344 Hay Street, a single level office building of 403sqm.
The headline rental was negotiated at $350 per square metre (net).
CBRE’s Rick McKenzie, who negotiated the lease deal, said the industrial style fitout and high exposure position were appealing to the tenant.
“Subiaco currently has a shortage of high quality fitted space, despite the high vacancy. Tenants continue to seek fitted space, providing the opportunity to utilise incentive towards rental abatement.”
The business has relocated from Domain Stadium to 344 Hay Street, a single level office building of 403sqm.
The headline rental was negotiated at $350 per square metre (net).
CBRE’s Rick McKenzie, who negotiated the lease deal, said the industrial style fitout and high exposure position were appealing to the tenant.
“Subiaco currently has a shortage of high quality fitted space, despite the high vacancy. Tenants continue to seek fitted space, providing the opportunity to utilise incentive towards rental abatement.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
