Office tenants’ interest in city-fringe locations grows

21 May 2019

Expanding local architectural hardware company, Tradco, has signed a two-year lease for an office premises at 100 Fullarton Road, Norwood, to accommodate increasing staff numbers.

Zandra McGee and Adam Hartley of Savills Office Leasing negotiated the terms at $360 per sqm, saying it was the third lease they had assigned along the Fullarton Road strip in April.

“This is evidence that the strong demand for eastern city-fringe stock is continuing,” Ms McGee said.

She went on to say that Tradco was impressed with the building from the first inspection.

“Tradco was drawn to 100 Fullarton Road because of the large encased balcony, which gives staff the chance to enjoy a breath of fresh air during the day,” she said.

The property also has several secure car parks included in the rent, which Ms McGee said was “a big drawcard for fringe tenants”.

“There is a decent amount of natural light in the building, too, which continues to be a highly sought-after feature,” she said.

Mr Hartley said he and Ms McGee were always on the lookout for new city-fringe office stock, as they consistently received enquiries from clients for this asset class.

 
 

Key Contacts

Alexandra McGee

Alexandra McGee

Executive
Office Leasing

Adelaide

+61 (0) 8 8237 5019

 

Adam Hartley

Adam Hartley

Director
Office Leasing

Adelaide

+61 (0) 8 8237 5043