IN THE NEWS
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Brisbane
09 August 2024
Arealytics Expands to SE Queensland
with Major Launch Event
Arealytics recently marked a significant milestone with the launch of its commercial real estate research and analytics services in Brisbane. The Founding Firm Kick-off Event, held at the scenic Bougainvillea House of the Howard Smith Wharves, brought together key players from the commercial real estate sector, including managing directors and heads of leasing from leading agencies and property owners.
Arealytics CEO Doug Curry addressed the gathering, providing an insightful update on the company's extensive research efforts. He highlighted the meticulous work done by the research teams, who conducted on-site physical inspections of over 29,500 office, industrial, and retail properties.
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This included capturing original photography and detailed information on building characteristics such as size, levels, construction type, and tenant directories. Over 6,100 publicly marketed listings for lease, sublease, and sale were also cataloged, offering subscribers an unparalleled view of available space.
Curry emphasized the accuracy and depth of the data collected, with tenant information cross-referenced from multiple sources to ensure reliability. The database now includes over 44,000 lease transactions, complete with key details such as expiry dates, market rents, and leased square meters where available. Additionally, a 30-year sales history comprising more than 154,000 sales transactions has been compiled, enabling the identification of current property owners and comprehensive True Owner Details on newly sold properties.
The event also saw the introduction of the market’s first peer-nominated Advisory Boards, comprising leaders in office and industrial leasing within Brisbane. These boards will play a crucial role in defining market and submarket boundaries, agreeing on property grading, and reviewing tenant movements documented by Arealytics each quarter through its proprietary research processes. The Arealytics Office and Industrial Advisory Boards will create unprecedented transparency and provide peer-certified analytics for quarterly reporting on vacancy and absorption.
Excitement at the event was palpable as attendees recognized the value of the comprehensive data and the innovative approach Arealytics brings to the market. Arealytics is now live in Sydney, Melbourne, with Brisbane's launch extended to the end of August to allow more companies to take advantage of the Founding Firm discounted rates, and with plans to launch the Gold Coast dataset in the coming weeks and the Sunshine Coast shortly after. Research efforts are already in progress in Perth and Adelaide, with a full rollout across all Australian capital markets expected by the end of the year.
Stay tuned as Arealytics continues to redefine the landscape of commercial real estate with its cutting-edge research and analytics services, providing unprecedented insights and transparency to the industry.
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Companies interested in securing discounted rates for Brisbane and Gold Coast access prior to their official "Go Live" dates can schedule a meeting by clicking the link below.