This article was published on 31 July 2015.

Major North Shore Office Lease - Success at The Forum

Cadigal Office Leasing have successfully leased the entire vacancy at 203 Pacific Highway, St Leonards. Appointed by Challenger as The Forum's new agents, Craig Dolman consolidated Primary Health Care from the CBD to secure them for 4,164m2 in one of St Leonards top A Grade assets.

The quality of The Forum, retail amenities and transport were a major part of the success for our client Challenger. The brokerage transaction achieved market rents of $470 per sqm over 7 years.

Craig Dolman advised that Cadigal Office Leasing are forecasting significant rental growth over the coming 2 years on the Lower North Shore due to increased demand and a lack of large consecutive A Grade vacancy. The residential withdrawals on secondary grade stock will undoubtedly place more pressure on the leasing opportunities in the A and B Grade market for St Leonards. We have already seen this with an incredible amount of interest in a large upcoming vacancy at 201 Pacific Highway which will be available in 2016.