property management—Sydney CBD office market.doc

Abstract This property market analysis report is major aiming to prove the strong relationship between the total return of Sydney CBD office market to the other exterior factors for past 20 years. Also data collection and analysis will be provided to support the opinion from the authors. Introduction Sydney CBD is one of the core commercial areas in Australia. Sydney CBD office market is performing well for recent years under the solid Australian economic atmosphere. This area is under the City of Sydney and separated in 6 districts: City core, the Rocks, Western, Midtown, Southern and Walsh Bay, northward to the Sydney Cove, southward to Central station, and eastern-axis along with series of public parklands: Royal Botanic Garden, Hyde Park and Belmore Park, western-axis along with Barangaroo, Circular Quay and China town. The CBD office market is less location sensitive property compare to the retail property market, its major concern on its functional uses for tenants. Numbers of large companies will have their own office building in Sydney CBD such as savings banks Commonwealth Bank of Australia, HSBC, insurance companies AXA and Insurance Australia Group Limited, accountants Ernst and Young Global, KPMG and so on. Those large companies often have premium offices buildings and they occupy ground floors and other tenants rent office on upper levels. The other professional companies like lawyers and dentists offices are more independent from the CBD, access for the clients are more important. Moreover, industrial offices normally close to their facilities such as warehouse or shipping wharfs. In this property market analysis report, its objectives are use provided IPD/PCA Total Return of Sydney CBD office market as the performance indicator. Also identify the supply variables, demand variables and the other relevant data to analysis the Sydney CBD office market for the past 20 years (1992-2012). Lastly present the salient facts and events of the Sydney CBD office