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“If Google was to land in Melbourne and want 8,000 square meters, (they would have) limited options – probably one at the moment.”
So declared Melissa Kidd, General Manger Southgate at APM Australia, at the Office Market Report lunch hosted by the Victorian Division of the Property Council of Australia in Melbourne on August 1.
Kidd’s comment reflects concern that Melbourne’s status as an employment powerhouse will be compromised by a lack office space available for new entrants to occupy.
At 6.4 percent, white collar employment growth in the Melbourne CBD during the year to March was almost twice that in any other capital city CBD, according to real-estate services firm CBRE. Indeed, the city’s CBD now accommodates 322,269 white collar workers – almost as many as those who work in Sydney’s CBD.
For the city to sustain this, however, companies need somewhere to base their operations and accommodate their workers.
