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QANTAS may soon be your new landlord

Qantas is sub-letting roughly 25,000 square metres of office space in Sydney, Melbourne and Hobart.

The national carrier is looking to sub-lease half of its Sydney headquarters at 10 Bourke St, Mascot, which has been QANTAS’ head office since the late-80s.

The two stand-alone buildings offer close to 20,000sq m of space, at roughly $450 per sq m. The largest building occupies 14,690 sq m over six floors; each floor can be leased separately.

The airline will also sub-lease 2000sq m of office space in Melbourne (at 333 Collins Street) and 1500sq m at Qantas Premium Contact Centre in Hobart.

Colliers International South Sydney director Michael Crombie told the Daily Telegraph that the low rental price โ€œwill be the major selling point” of the Sydney property, “especially when occupiers see the quality of this fit outโ€.

โ€œWe are seeing an increasing number of Sydney CBD and fringe tenants looking at South Sydney as a great alternative,” Mr Crombie added.

“We still have incredible access to rail and amenities.โ€

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Nathan Jolly

Nathan Jolly was an in-house journalist with Elite Agent. He worked with the company from July 2020 to December 2020.