ESG drives demand within inner-city office leasing market

The Great Barrier Reef Foundation, an Australian non-profit organisation helping to protect and preserve the Great Barrier Reef, has relocated to an unfitted office in South Brisbane, as ESG and hybrid workplace offerings provide a competitive advantage within the office rental market. 

The Foundation has signed a seven-year lease for a 484sqm office suite in the Mobo Building. 

CBRE’s Tom Theodore and Boyd Kildey represented the Foundation, helping secure an office lease that provides a cost-effective leasing solution, whilst meeting their sustainability aspirations.  

The A-Grade building was built to dynamically meld nature with urban design. With dynamic technology and flexible meeting spaces, the new Foundation fit-out will allow for greater connectivity for staff to work flexibility. 

“Previously located in the CBD, a key element of the Foundation office search was to identify office assets that aligned with their sustainability aspirations. With CBD rents rising significantly over the past 18 – 24 months, the inner-city market provided significantly better value for money when balancing rental budget verse modern ESG requirements,” Mr Theodore said. 

Mr Kildey added, “As ESG requirements of corporations accelerate faster than the office market can provide solutions, particularly with existing assets, specialised advisory and consultancy is paramount in providing businesses with practical and realistic solutions.”

Amicus, experts at designing and building modern digital workspaces, delivered a purpose-driven workspace for the Great Barrier Reef Foundation, integrating design and technology solutions to positively impact its users. 

Amicus’ Lauren Adams said, “Inspired by the environment and sustainability, our collaboration with the Great Barrier Reef Foundation reflects shared values and a commitment to innovation as they continue their vital work for our natural wonder of the world.”