Click Frenzy has snapped up 310sqm of office space at 445-447 Auburn Road, Hawthorn in a recent lease transaction managed by GK.

There is definitely a stir in the previously quiet suburb of Abbotsford. It’s hard to remember the days when Abbotsford was seen as a market to avoid. Those days are well and truly over. It didn’t take long for residential developers to recognise and leverage the potential and now commercial developers and tenants are following suit.

As you are no doubt aware, The Retail Leases Act prohibits landlords from recovering land tax from their tenants. However, amongst a number of other exemptions, the Act does not apply to Leases where total occupancy costs exceed $1 million p.a. or the tenant or its parent company is a publicly listed company.