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B-grade no barrier to technology and education tenants

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Expansion of the education and tech sectors and trendy refurbishments with exposed ceilings and concrete floors have helped Melbourne's B-grade office buildings reduce vacancy rates and attract new tenants. Vacancy across the city's B-grade sector was down from 12.5 per cent a year ago to 8.3 per cent, not the lowest it has been but enough of a dip to allow landlords to begin reducing historically high incentives, according to Knight Frank researcher Richard Jenkins. The 73,000 square metres of vacant B-grade floor space was at a price...

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